On the recordMarch 2, 2009
There has been an assumption that the Community Reinvestment Act gave mortgages to a lot of poor people who couldn't afford them.
Source
congress.govThere has been an assumption that the Community Reinvestment Act gave mortgages to a lot of poor people who couldn't afford them.
Dodd challenges the assumption about the Community Reinvestment Act's impact on mortgage lending.
Share
More from Chris Dodd
The truth is that the catastrophe was years in the making caused by regulatory negligence and Wall Street gambling.
I had hoped we'd get in the lame duck session to the ratification of the Colombian Free Trade Agreement and the Panamanian Free Trade Agreement.
In fact, it was the uncertainty inherent in a nontransparent and reckless financial system that made Dodd-Frank necessary in the first place.
Rosa, go get yourself well. Your job is here. Your salary is here. Just take care of yourself.