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To: ken21

President Carter signed the Community Reinvestment Act in 1977 but it was originally only intended to ensure that monies saved within a community be reinvested within the community instead of being sent outside to get higher earnings. Sec. Rubin under Clinton greatly expanded the act to open housing up to those less qualified. The dems infiltrated the appropriate offices of gov and Wall St. to where the situation is now out of control.


10 posted on 11/28/2008 6:11:54 PM PST by yorkie01
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To: yorkie01

good reply.

thank you.


16 posted on 11/28/2008 6:58:20 PM PST by ken21 (people die and you never hear from them again.)
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To: yorkie01
Rubin is a one man bring down capitalism at all costs now that I've got mine kind of guy. Another one of the best and brightest lined up at the government trough getting his cup filled until it runneth over.

A pity most Americans are so damned ignorant.

19 posted on 11/28/2008 7:07:50 PM PST by jwalsh07
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