Community Reinvestment Act

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Latest blogosphere posts tagged “Community Reinvestment Act”

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

  
  BASIL & SPICE--FINANCIAL WELL BEING — Authority: 129
  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 ...
  2 days ago

• Race, wealth, and homeownership

  
  The League of Ordinary Gentlemen — Authority: 669
  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 ...
  6 days ago

• The Soros Plan To Kill Capitalism

  
  Big Government — Authority: 805
  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 ...
  6 days ago

• Economy, federal rules challenge Kentucky banks

  
  Moonage Political Webdream — Authority: 119
  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! ]]
  2 weeks ago

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

  
  OpenMarket.org — Authority: 652
  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 ...
  2 weeks ago

• Mortgage Meltdown Was Caused by Government Mandates

  
  OpenMarket.org — Authority: 652
  The mortgage meltdown was caused partly by the government, which created an artificial market for bad mortgages.  The Washington Examiner cites a recent study by Peter Wallison, who had prophetically warned about risky financial practices for years, finding that two-thirds of all bad mortgages were either ...
  3 weeks ago

• Repeating Failure

  
  Tai-Chi Policy — Authority: 440
  Well, now that the economic numbers are about as grim as they’ve ever been , what should we do? I know, lets institutionalize and repeat the same agenda-driven investment mandates that caused so much of the failure in the first place! That is exactly what the Obama Administration – which is so tied up with ...
  3 weeks ago

• ACORN’s Blackmailing of Banks

  
  CRC Blog — Authority: 548
  Rep. Michele Bachmann (R-Minn.) explained to Glenn Beck on his TV show last night how  the radical left-wing activist group ACORN uses the Community Reinvestment Act (CRA) to shake down banks. The federal government, in effect, threatens banks into lending money to risky mortgage borrowers, Bachmann said. ...
  3 weeks ago

• Obama administration promotes junky, risky mortgages at taxpayer expense, ignoring history’s lessons

  
  OpenMarket.org — Authority: 652
  George Mason University Professor Ilya Somin explains how the Obama administration is expanding the awful policies that caused the mortgage crisis, like having taxpayers effectively underwrite risky-mortgage loans by bailing out GSEs at a cost of hundreds of billions of dollars.  Now, the administration is stepping ...
  3 weeks ago

• Home Foreclosures Higher Than At A Recovery Level

  
  Nonsensible Shoes — Authority: 429
  September home foreclosures while down from August were still dramatically higher than the same month last year. And its not like August was a low bar - July and August were the two highest foreclosure months ON RECORD.  The reality is that while unemployment is a lagging economic indicator, in the consumer arena, ...
  3 weeks ago

• Using ACORN To Misrepresent the Community Reinvestment Act, Once Again

  
  The Washington Independent Blog — Authority: 155
  When is this ever going to end? Conservative lawmakers are seizing on ACORN’s troubles to once again go after the Community Reinvestment Act, an anti-redlining law that somehow became a scapegoat for the housing crisis last year, the AP reports. The 1977 Community Reinvestment Act was intended to end redlining, ...
  4 weeks ago

• One Law That Put Us In This Mortgage Mess

  
  Refinance Home Mortgages — Authority: 429
  The 1977 Community Reinvestment Act forces banks to lend money to people in bad neighborhoods who are lousy credit risks. It is not worth fighting the bureaucrats and the politicians. (...)
  4 weeks ago

• Republicans Use ACORN Controversy to Fight Bank Lending Law

  
  American Conservative Daily — Authority: 501
  The 1977 Community Reinvestment Act was intended to end redlining, a practice in which banks in effect walled off many inner-city neighborhoods from mortgage loans. But some GOP lawmakers say it has outlived its purpose and is being used inappropriately by ACORN to shake down banks for money. 
  4 weeks ago

• The Nobel Prize for good intentions

  
  Moonage Political Webdream — Authority: 119
  President Obama won a Nobel Peace Prize.  Although some are scratching their heads over why, I’m not.  It’s quite obvious and the Nobel peeps even said why:“for his extraordinary... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
  4 weeks ago

• KeyBank Receives Seventh Consecutive ‘Outstanding’ Rating from OCC on Community Reinvestment Act Exam (PR Newswire via Yahoo! Finance)

  
  Credit Repair | Free Bad Credit Repair Debt Consolidation Loans — Authority: 140
  The Office of the Comptroller of the Currency has awarded KeyBank an "outstanding" rating for exceeding the terms of the Community Reinvestment Act . Enacted in 1977, the CRA requires banks to meet the credit needs of low- and moderate-income communities across America.
  8 weeks ago

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