Submitted by Richard Head (not verified) on November 9, 2008 - 7:12pm.
This article lies by omission. While the CRA may date back to 1977, it was the 1999 passage of the Gramm-Leach-Bliley Act that expanded CRA into the monster that spawned the subprime crisis. And THAT timing fits the historical record quite well, actually.
CRA
This article lies by omission. While the CRA may date back to 1977, it was the 1999 passage of the Gramm-Leach-Bliley Act that expanded CRA into the monster that spawned the subprime crisis. And THAT timing fits the historical record quite well, actually.
In other words, "It's socialism, stupid!"