Mathematician
Reason, and reason again
Market fundamentalists are grasping at straws with the CRA. Most of the provisions were not forced. It was more of a show than actual legislation.
http://www.house.gov/apps/list/hearing/financialsvcs_dem/barr021308.pdf
http://www.bis.org/publ/work259.pdf?noframes=1
Its Still Not CRA | New America Blogs
The Depository Institutions Deregulation and Monetary Control Act (1980) and the Gramm-Leach-Bliley Act (1999) are more at fault for deregulating the industry. The Garn-St. Germain Depository Institutions Act of 1982 specifically allowed adjustable rate mortgages.
Deregulation killed our economy. It's time to kill Reagonimics once and for all.
http://www.house.gov/apps/list/hearing/financialsvcs_dem/barr021308.pdf
http://www.bis.org/publ/work259.pdf?noframes=1
Its Still Not CRA | New America Blogs
The Depository Institutions Deregulation and Monetary Control Act (1980) and the Gramm-Leach-Bliley Act (1999) are more at fault for deregulating the industry. The Garn-St. Germain Depository Institutions Act of 1982 specifically allowed adjustable rate mortgages.
Deregulation killed our economy. It's time to kill Reagonimics once and for all.
Last edited: