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community reinvestment act

Economy

Community Reinvestment Act NOT Source of Subprime Mess

by Steve Heideman | November 20, 2008

The scuttlebutt amongst conservatives since the beginning of the subprime mortgage mess has been that the Community Reinvestment Act (conveniently expanded during the Clinton years) was the source of the troubles in the capital markets. Being a housing economist with a fiscally conservative disposition (although not a registered republican or democrat) I always found this [...]

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