Chuck Schumer actually said...

The overwhelming majority of predatory subprime loans were made by lenders and brokers who were not, I repeat were not, subject to CRA.

Schumer clarifies that most predatory loans were made by entities not regulated by the Community Reinvestment Act.

10/16/2008

More Chuck Schumer Quotes

I was a critic then and I am a critic now.

I am quite certain on your record and on the basis of the testimony today you will be confirmed and will be a really fine Attorney General.

I deeply appreciate his introduction, his presence, and his gracious and kind words about my abilities.

I want to assure this committee I appear here before you today with few delusions as to the difficulties that lie ahead.