Daniel Akaka actually said...

The uninformed have blamed much of the current financial crisis on the Community Reinvestment Act. That is simply not true.

Senator Akaka defends the Community Reinvestment Act against misconceptions.

10/16/2008

More Daniel Akaka Quotes

At present, decisions by the Board are not precedential, meaning that regional offices are free to ignore decisions of the Board.

It will be important that TARP resources be used for lending, but they must not be used to support predatory lending.

I would tell you that one of the huge problems that this country has is that this country is financially illiterate.

Families have been pushed into mortgage products with associated risks and costs that they could not afford.