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The Rehabilitation of the Community Reinvestment Act

By on 6.18.09 @ 9:59PM

The formidable Sean Higgins of Investors Business Daily wrote a straight news story today regarding the Obama administration's new effort to rehabilitate the awful Community Reinvestment Act (CRA).

Yahoo! Finance picked up the story.

Why is the Obama administration standing by this disastrous legislation even though it played a role in the subprime mortgage mess?

About the Author

Matthew Vadum is an award-winning investigative journalist at a conservative watchdog group in Washington, D.C. Vadum is also author of Subversion Inc: How Obama's ACORN Red Shirts are Still Terrorizing and Ripping Off American Taxpayers.

http://spectator.org/blog/2009/06/18/the-rehabilitation-of-the-comm
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