[Cementjungle]

Better yet, Google Jimmy Carter Community Reinvestment Act, or ACORN Community Reinvestment Act.

Or, more importantly, Bill Clinton's amendment to it in 1994.

[Orbiting_Rosie's_Head]

We need many people to research this. BO is blamming Gramm for the debacle, but the orginal GLBA passed the Senate on a near party-line vote (Hollings voted yea) that scaled back the CRA. However, BJ threatened a veto, the bill was rewritten (to strengthen CRA), and it sailed through 90-8. I want to know who was the behind the rewrite, what, if any amendments there were, and what the real story is.

Icky People

Senate Votes to Drop Barriers Between Nation's Financial Industries

I couldn't find a follow-up on the NYT piece about the second 90-8 vote.

[Rembrandt]

“..Jimmy Carter Community Reinvestment Act, or ACORN Community Reinvestment Act..”
—
Can you spell social engineering, boys and girls?

I knew you could.

[VOA]

“
Or, more importantly, Bill Clinton’s amendment to it in 1994.
“

Today Rush Limbaugh was playing a recording from a recent interview
with Robert B. Reich...uuuhhhh.
He slipped up and said that Bubba’ had some responsibility for today’s
mess because Bubba’ even threatened sanctions/prosecutions if private
lenders didn’t start writing more loans to folks who previously
couldn’t afford to buy houses.

(Reiche probably is being accurate....but maybe he dished because he’s
still ticked about that film footage in which Bubba’ looks into some
scale-model building replica and said that Reiche could fit in there...
a real jab at his short stature!)