CRA Commitments in 2003-04 = $2,350,000,000,000
February 15th, 2009
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From my new VDARE.com column : You’ve heard over and over about how the 1977 Community Reinvestment Act (CRA) could not bear any blame for the mortgage meltdown that began in 2007 because the time lag was too vast. As the New York Times editorialized on October 15, 2008: “First, how could a 30-plus-year-old law be responsible for a crisis that has occurred only in recent years?” That seems like a good question. Th
