Way to go Prokopton. I was a bank auditor. Prior to the CRA the guidelines for Fannie Mae conforming loans were good. After the CRA, not so good.
Then Glass-Stegal was repealed, and the other things noted in this ad happened and the stage was set for disaster.
It is true the Republicans tried to introduce reform, but they did not go “to the mat”. In hindsight they should have insisted on this instead of No child left behind or immigration reform(amnesty)- you know those bi-partisan boondoogles etc.
I also find it "curious" that the SEC relaxed the "uptick" rule 15 months before the election......