I have blogged about the Community Reinvestment Act before. Here's another good article on the CRA's role in the 2008 housing crisis: As Gretchen Morgenson of The New York Times and Joshua Rosner wrote in “Reckless Endangerment,” the Fannie-and-Freddie debacle shows what happens “when Washington decides, in its infinite wisdom, that every living breathing citizen should own a home.”
The Community Reinvestment Act, revisited
The Community Reinvestment Act, revisited
The Community Reinvestment Act, revisited
I have blogged about the Community Reinvestment Act before. Here's another good article on the CRA's role in the 2008 housing crisis: As Gretchen Morgenson of The New York Times and Joshua Rosner wrote in “Reckless Endangerment,” the Fannie-and-Freddie debacle shows what happens “when Washington decides, in its infinite wisdom, that every living breathing citizen should own a home.”