The subprime mortgage loans , started after Congress passed the Community Reinvestment Act (CRA), is an important step of social welfare promoted more strongly by the Dem. party than the Rep. party. The subprime loan is a sort of strong government intervention which is contrary to common bank practice on loans. As we see it today, the outcome of the reckless subprime mortgage loans, amount to trillion dollars toxic loans to financial institution worldwide, appears to be more damaging than the socialism system elsewhere.









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