Posted on 08/10/2006 1:16:52 PM PDT by Calpernia
http://www.freerepublic.com/focus/news/2119564/posts
ACORN’s Food Stamp Mortgages
Excerpt:
Financial tomfoolery like including food stamps on loan applications was encouraged by the Carter-era Community Reinvestment Act (CRA), which opened banking to ACORN-style agitation that over time weakened underwriting criteria and helped to alter the culture of financial institutions in the U.S.
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