Entries tagged "subprime mortgage crisis"
Federal Deposit Insurance Corp. data shows that over the last decade most banks have complied with the controversial Community Reinvestment Act with no rise in failures.
Clusterstock's John Carney has touted a Federal Reserve study to support his CRA conspiracy theory, when in fact the report may help debunk it.
Fingers are pointing at the Community Reinvestment Act as the main culprit for the credit crisis, even though this tired meme has been debunked over and over again.
The amount of bankers and lawyers trading offices to cover mortgage- and asset-backed securities and related products has risen.
