Quote:
Originally Posted by bm bradley
For years, using the powers of the Community Reinvestment Act and other regulatory powers, along with threats of legal action if the loan approval rates varied from the population profile, politicians have pressured banks and other lending institutions into lending to people they would not lend to otherwise.
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Isn't this just Republicans demonizing Democrats so they can take back power? When times were good no bank complained about this Act. They all loved it. It made them ridiculous money.