“...in a speech to the Council on Foreign Relations.” Somehow I figured Bernanke would be a big guy in their fold.
Had the CRA not been adopted, the housing market wouldnt have crashed and theyd be no mortgage crisis. Instead coercing the banks and financial institutions to make bad home loans to people who could never afford to keep them or pay them was a disaster waiting to happen. The dumbocrats were responsible for that. And on top of it all they allowed Fannie and Freddie to go financially bankrupt while telling the world they were financially stable. Dumbocrats are not only financially irresponsible, they are financially reckless as well.