I know. I was sort of surprised to learn that apparently, maybe even today, loans for stadiums and sports arenas' jumbotrons qualify for CRA credit.
Bill Foster: “I know. I was sort of surprised to learn that apparently, maybe even today, loans for stadiums and sports arenas'…”
Editor's note · Context
Foster expresses surprise at CRA credit qualifying for large projects instead of community-focused investments.
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I have been amused for a long time at how can it be that there is legislation supported by 70 or 80 percent of the public, a clear majority of Members of Congress, and yet we are not allowed to even vote on it.
If you made it anonymous, you would allow Members to sort of probe support for centrist legislation.
Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.
This bill strengthens FSOC's capability to execute its mission by improving consistency, accountability, and outcomes for our financial system. I appreciate also Ranking Member Waters' support for this bill in committee and urge my…





