Tuesday, September 23, 2008
Circa 1977 - Community Reinvestment Act
It looks like these "good ideas" got out of control and certainly (at the least) contributed to the mortgage meltdown problems we are suffering today...
Matt Lewis posted this on the TownHall.com blog:
"This morning on 'Morning Joe,' Larry Kudlow was asked about some specific reforms that could help the economy.
He noted that the federal government helped create this financial crisis in the mid-nineties by passing the Community Reinvestment Act."
