Encore 26

From Power Line:

One would think that at least two lessons would have been learned from the financial crisis: stop pushing loans to people who cannot or will not pay them back and stop offering loans with “flexible underwriting criteria.” Not so. The Obama administration and Democrats in Congress are pushing their most audacious plan yet expanding the Community Reinvestment Act (CRA) which helped spark the crisis in the first place.

Read it all here.

Posted under Commentary, Economics, News, Progressivism, Socialism, United States by Jillian Becker on Monday, October 5, 2009

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