Saturday, November 29, 2008

Demolishing the myths and establishing the facts about the Community Reinvestment Act

Our Dem/Lefty/"Progressive" pals want you to think that the CRA is a wonderful thing, and all the financial mess was caused by "lack of regulation" forced upon us by those "Eeeeeeeeeeeeevil Wepublicans".

IBD puts that particular lie to rest, whether the Libthinkers like it or not.

Key point:

"Regulation: The Community Reinvestment Act is to blame for the financial crisis, but it so powerfully serves Democrats' interests that they'll do anything to protect it — including revising history."



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