Architects of Ruin

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.