How to create a new housing crisis

The Community Reinvestment Act of 1977 (CRA) evolved to the mess that gave us lower standards for mortgages and the meltdown of 2007. Now Obama wants one of his own and is pushing loosened standards for credit and home ownership again. Now all we need is packaging the loans and selling them. What a concept.

http://pubcit.typepad.com/clpblog/2013/04/obama-administration-wants-to-loosen-home-loan-availability-for-people-with-weak-credit.html

http://www.bizjournals.com/albuquerque/blog/morning-edition/2013/04/obama-urges-banks-to-loosen-credit.html