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Latest | Highest ratedThe Credit Bubble: Deregulation Gone Wild [View article]
Looks like a Rush Limbaugh follower. CRA was not intended for "granting loans to those who had no ability", it was to prevent the redlining and discrimination of loans based on the neighborhood. Those of you who blame Fannie and Freddie / The new deal for the whole debacle should realize without Roosevelt the home ownership was 40%, most probably lisalisa47 would not have qualified for the loans.
I dont understand why some people never acknowledge the fault in the system was not by one person & that the republicans are gods party. It is just FUD, some people like to live in it.