Re: The FCIC falls apart
"Karl" <[email protected]>
| Newsgroups | gmane.music.dadl.ot |
|---|---|
| Message-ID | <[email protected]> |
Not really. The CRA affected private banks too, not just fannie. Point is that if it caused loans to be issued to high risk people it contributed. Found this which makes some good points in both directions. -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Lance McLain Sent: Thursday, December 16, 2010 4:30 PM To: DADL (off topic) Subject: Re: [DADL-OT] The FCIC falls apart On Dec 16, 2010, at 5:57 PM, Karl wrote: > " the long-standing and harmless Community Reinvestment Act" > > Harmless? Really? Actually, not only harmless, but perhaps even helpful, according to this article (at the end). regards, -Lance http://www.mcclatchydc.com/2008/10/12/53802/private-sector-loans-not-fannie.html Private sector loans, not Fannie or Freddie, triggered crisis -- dadl-ot mailing list http://mail.thehood.us/mailman/listinfo/dadl-ot_thehood.us http://news.gmane.org/gmane.music.dadl.ot