Monday, August 30, 2010

Jimmy Carter Enacted the Community Reinvestment Act



"randomkid,

Jimmy Carter enacted the Community Reinvestment Act (forced banks to extend loans to people who cannot afford them). Bill Clinton strengthened it. That lead to the Mortgage Bubble. Chris Dodd (D) and Barney Frank (D) oversaw the implosion and did nothing.

You are not very knowledgeable."

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