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In Architects of Ruin, New York Times bestselling author and conservative historian Peter Schweizer argues that the economic crisis was caused by liberals who used the power of government to create a subprime mortgage bubble that has ravaged the global economy. Rebutting charges that the financial collapse was caused by conservative deregulatory zeal, Schweizer, the author of Do as I Say (Not as I Do): Profiles in Liberal Hypocrisy, shows that it was actually the result of "do-good capitalism."
This groundbreaking investigation into the economic collapse reveals:
• The Community Reinvestment Act (CRA): How this once-obscure law became a tool for activists to force banks into making trillions of dollars in risky loans.
• Liberal Social Engineering: The thirty-year generational project by liberal politicians, activists, and bureaucrats to redefine home ownership as a civil right, distorting the market in the process.
• The Activist Agenda: An inside look at the Alinsky-inspired tactics used by groups like ACORN to shake down American banks in the name of "economic justice."
• The Clinton Administration's Role: How Bill Clinton's alliance with Wall Street created a "bailout culture" and put the full power of the federal government behind the push for subprime lending.
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