The Mudcat Café TM
Thread #118410 Message #2563465
Posted By: Sawzaw
11-Feb-09 - 12:03 AM
Thread Name: BS: You and the stimulus plan
Subject: RE: BS: You and the stimulus plan
Try Carter
The Carter-era Community Reinvestment Act forced banks to lend to uncreditworthy borrowers. Age-old standards of banking prudence got thrown out the window.