These guys want to strengthen the Carter era legislation of Community Reinvestment Act (CRA) which helped create our current recession and explosion of defaults by lowering credit standards and recruiting marginally qualified buyers to be "home owners." I suspect they just want to keep their cushy jobs. Lots of money in workshops to recruit and train, and then more money on how to budget, then more on how to avoid foreclosure. Oh sure, it's House Dems who are pushing it, but whodathunkit without these guys?
http://206.130.110.176/wordpress/
Tuesday, June 22, 2010
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