And You Thought the Housing Crisis Was Over! The Community Reinvestment Act is back

The American Spectator ^ | July 27, 2012 | William Tucker

[Liz]

Thanks for the realtime report.

[Arthur Wildfire! March]

God bless you guys! Keeping up on the latest important news I see.

[If I were two people, both of me would be tempted to spend all my time here. So ... I’m not really back yet. But bless you all!]

[khelus]

ROFL. Great pic and comment

[stephenjohnbanker]

Good to hear from you.

[combat_boots]

Ask around. CRA never left. Nor did the ‘experts’ who work it, both in and out of gov’t. The laws never changed.

[neverdem]

This is good news! Too many people still don't understand that the government's insistence on pushing subprime loans was at the root of the financial crisis!

[neverdem]

This is good news! Too many people still don't understand that the government's insistence on pushing subprime loans was at the root of the financial crisis!

[neverdem]

This is good news! Too many people still don't understand that the government's insistence on pushing subprime loans was at the root of the financial crisis!

[METARZAN]

If it means anything my house sold this time last year. Sold for $170K in a really bad market, down maybe 20% from what we expected. The house was sold to a so-called “minority” and only with her signature (only one on loan) with no money down and she had a family income of roughly $45K per year.

I was a bit set-back as we had just experienced one of the largest bubbles ever in housing due to this issue, set back that we were only a year or so removed from the crash and for all practical purposes it was “business as usual”.

[Impy]

Keep it real Art!

[fanfan]

Thanks for the ping.