Community Reinvestment Act

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Latest blogosphere posts tagged “Community Reinvestment Act”

• Politicians solving their own problem(s)

  
  Fausta's Blog — Authority: 143
  Thomas Sowell explains what politicians are after when making disastrous policy: Solving Whose Problem? No one will really understand politics until they understand that politicians are not trying to solve our problems. They are trying to solve their own problems– of which getting elected and re-elected are ...
  6 days ago

• CRA Bashing, Nth Generation

  
  The Baseline Scenario — Authority: 694
  The Community Reinvestment Act is a law originally passed in 1977 that directed federal regulatory agencies to ensure that the banks they supervised were not discriminating against particular communities in making credit available.The onset of the subprime mortgage crisis triggered a flood of sloppy, lazy attacks on ...
  1 week ago

• The Housing Boom and Bust

  
  JoeTaxpayer — Authority: 466
  A number of books have been written about the recent real estate crash over the last months. I’ve found Thomas Sowell’s The Housing Boom and Bust to be among the best. Dr Sowell attributes much of the crisis to the well meaning politicians who misinterpret the meaning behind the data. They assume that any ...
  1 week ago

• “How ACORN Destroyed the Housing Market”

  
  OpenMarket.org — Authority: 616
  Federal affordable-housing mandates were a major factor in the mortgage crisis, fueling the housing bubble and the subsequent collapse of the housing and financial markets, which helped bring down the economy.  Even the liberal Village Voice has admitted that.  Who drafted those awful mandates?  ACORN, ...
  2 weeks ago

• How ACORN destroyed the housing market

  
  Stupidica — Authority: 175
  Over at the Wall Street Journal, theres a very interesting article that connects the dots between ACORN, the mortgage-lending-standard-destroying Community Reinvestment Act legislation, Fannie Mae and the eventual inflation and collapse of the housing bubble in last decade: As Allen Fishbein, currently an adviser for ...
  2 weeks ago

• The Sellout: Bailout Roots From 9/11 To 1970s Penn Central

  
  BASIL & SPICE--FINANCIAL WELL BEING — Authority: 128
  By Loyd Eskildson In The Sellout , Gasparino traces the implosion of the financial services industry back to the late 1970s when Wall Streeters began taking much greater risks. Using leverage to take over companies, restructure, and then sell them at a profit, churning accounts (instead of advising clients on ...
  3 weeks ago

• Race, wealth, and homeownership

  
  The League of Ordinary Gentlemen — Authority: 679
  R eading Jason Kuznicki’s article in the latest issue of Cato Journal , I was struck by the similarities between his historical analysis and a post Jamelle wrote a few months ago. First, here’s Jamelle (emphasis mine): For what it’s worth, I don’t expect that to change; if we acknowledge the federal ...
  3 weeks ago

• The Soros Plan To Kill Capitalism

  
  Big Government — Authority: 818
  Having purchased, rented, or placed a down payment on all the political influence up for sale in America, leftist troublemaker George Soros now plans to ramp up his war on markets worldwide by creating an “Institute for New Economic Thinking” (INET). “The system we have now has actually broken down, only we ...
  3 weeks ago

• Economy, federal rules challenge Kentucky banks

  
  Moonage Political Webdream — Authority: 124
  I get the newsletter from the Kentucky Legislative Research Commission.  It’s full of all kinds of neat stuff that doesn’t make the news a whole lot.  In fact, more often than not I have... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
  4 weeks ago

• Sure, just what we need: yet another regulatory government agency

  
  OpenMarket.org — Authority: 616
  Here’s my letter published in the Oct. 25th edition of the Boston Globe responding to an editorial advocating the creation of a Consumer Financial Protection Agency: Your editorial, “To Fix Financial System, Protect Consumers First”, claims that a Consumer Financial Protection Agency will prevent a ...
  5 weeks ago

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