Quote:
Originally Posted by Impugn
The people pushing new "regulation" and enforcing existing "regulation" were the same ones that forced relaxed lending criteria for the purposes of boosting "minority and low income home ownership".
Gee. Big surprise when those loans went bad, eh?
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Bullshit.
You got a link for that urban legend?
A law passed decades ago banned the redlining of entire areas (usually populated by minorities) by banks, but there has been no law that required banks to lend money to those who can't repay the loans.
This is a Republican scandal.