Tag Archives: Community Reinvestment Act

CRA: The Clinton Reinvestment Act?

youtu.be/EzWrnUezDOU

Close, but not exactly. It’s the “Community Reinvestment Act” which the (D)emocrats cooked up and passed under the Carter administration, but which the Clinton administration and democratic Congress put on Steroids when they “updated it” in 1995. The video is … Continue reading

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$40 Billion Bank Settlement Was Actually Another Obama Redistribution Scheme

The $40 billion bank settlement concerning home foreclosures has fine print that is just now being made public. This settlement will be repaid to the banks by the government so the American taxpayer is once again bailing out home mortgages … Continue reading

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Resistance to the Community Reinvestment Act Is Futile

Our nation’s banks must submit to the Federal Deposit Insurance Corporation’s requirements of the Community Reinvestment Act (CRA). As shown in this video, Rep. Royce outlines that the CRA was a contributing factor in the housing crisis. “CRA acted as … Continue reading

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A Riddle for America

http://www.youtube.com/watch?v=_MGT_cSi7Rs”>httpv://www.youtube.com/watch?v=_MGT_cSi7Rs

Jimmy Carter started it, Barack Obama litigated it, Congress and Wall Street abused it and it led to a world wide economic collapse. What is it? The Community Reinvestment Act enacted by Jimmy Carter led to the belief that it is a … Continue reading

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