http://www.forbes.com/2009/10/03/community-reinvestment-act-mortgages-housing-opinions-contributors-peter-schweizer.html
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 Barry administration and some of the idiotic 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 the above article and be amazed at how stupid some of these Democrats are. Barry is the leader of the pack. This country cannot afford to bail out billions of bad mortgages again. When will Democrats learn?
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