Here's how Obama caused the 2008 Market Crash.
In the 1990's Obama was a young attorney working for the Community Organizing organization, ACORN* He and ACORN wanted to help local Black poor folks to become homeowners, so they pressured local Chicago mortgage banks to make bad loans to poor people who didn't meet the necessary minimum credit criteria. After a few years the loans began to go bad when the poor folk couldn't keep up the payments.
And by then the banks wanted these bad loans off their books and, as is customary, they sold the loans to 3rd party financial investors. But, to make the loans enticing enough to overcome the initial reluctance of investors to purchase under-performing loans, the banks packaged the bad loans with good loans just enough to get them into the economy and throughout the financial world and throughout the country and the effects of these bad loans invaded different industries until it forced stock market investors to withdraw unhealthy amounts of money from the market to avoid any damage from this financial plague they saw coming.
And ALL of it began with Barack Obama.
Barack Obama Trained ACORN Staff In How To Intimidate Banks Into Giving Subprime Loans. Barack Obama—A Thug With A Law Degree
*(ACORN)
The Association of Community Organizations for Reform Now (ACORN) is an international collection of autonomous community-based organizations that advocated for low- and moderate-income families by working on neighborhood safety, voter registration, health care, affordable housing, and other social issues. They, along with a number of other community unions, are affiliated under ACORN International.[1]
Predatory lending and affordable housing
ACORN investigated complaints against companies accused of predatory lending practices. ACORN also worked to support strict state laws against predatory practices, organized against foreclosure rescue scams, and steered borrowers toward loan counseling;[26] Following a three-year campaign, Household International (now owned by HSBC Holdings and renamed HSBC Finance Corporation), one of the largest subprime lenders in the country, and ACORN announced on November 25, 2003 a proposed settlement of a 2002 national class-action lawsuit brought by ACORN. The settlement created a $72 million foreclosure avoidance program to provide relief to household borrowers who were at risk of losing their homes.[26] The settlement came on the heels of an earlier $484 million settlement between Household, Attorneys General, and bank regulators from all 50 U.S. states.[27]
https://en.wikipedia.org/wiki/Association_of_Community_Organizations_for_Reform_ Now
Obama and ACORN
STANLEY KURTZ (The National Review)
October 8, 2008
https://www.wikileaks.org/wiki/Obama_and_ACORN
Inside Obama's ACORN
https://www.nationalreview.com/2008/05/inside-obamas-acorn-stanley-kurtz/
https://www.thebalance.com/what-was-the-bank-bailout-bill-3305675