On the recordOctober 16, 2008
The idea that it has been assigned responsibility and blame for this crisis is so far-fetched, so imaginary as to almost not merit a response.
The idea that it has been assigned responsibility and blame for this crisis is so far-fetched, so imaginary as to almost not merit a response.
Bennett defends the Community Reinvestment Act against false blame for the crisis.
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We do not make money when we foreclose on customers. It is in our best interest to figure out ways to make loans perform again.
I can understand the impulse for a moratorium. I am not at all sure that a blanket moratorium as broad as this one will produce any higher degree of safety than a more targeted kind of thing.
The more dependent we become on imported oil, the more difficult many of our challenges are.
But just because you have the right to do it does not mean it is the right thing to do.