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Re: Hmmm........


If Im misguided, point to anywhere in that piece where it is said provisions of the CRA are to blame for the financial crisis.  There are people to blame.  There are legislative moves that may share the blame as well.   My main argument on this topic is that CRA regulated loans did not cause the housing crisis, which sparked the financial crisis.

IMO, the bankers are to blame because they did it.  I think the repeal of Glass-Steagal also played a huge part in things.  But CRA mandated loans are not to blame.
This is CABL.com posting #299055. Tiny Link: cabl.co/mbpXD
Posted in reply to: Re: Hmmm........ by MCT-40
There are 2 replies to this message
Re: Hmmm........ sab3r 4/11/2010 11:26:05 AM
Re: Hmmm........ MCT-40 4/10/2010 10:53:27 PM