Subprime Lending - Or How The Liberals In Congress Got Us Into This Mess

The Virginian ^ | 5/10/2008 | Moneyrunner

[Notary Sojac]

when you change the standards for lending, you change them for everybody, not just people who have dark skin

That's a fair point and I don't disagree.

But I still maintain that the securities deregulation of 1999 (pushed by Phil Gramm and signed by Bill Clinton, blame all 'round) was the locomotive, and the minority lending standards the caboose. Your mileage may vary....