If Carter's Community Reinvestment Act was the cause of this financial crisis, why is UK's housing market bad?

The real culprit is not the government's program of helping the poor, it was the banks and mortgage companies drunk with greed that caused the problem.



The bank's philosophy of "Make cash today--don't worry about the consequences tomorrow" got us into this mess.If Carter's Community Reinvestment Act was the cause of this financial crisis, why is UK's housing market bad?
As much as I hate Carter that isn't true, stupid Americans and greedy banks started this, now our government is going to make it worse.If Carter's Community Reinvestment Act was the cause of this financial crisis, why is UK's housing market bad?
The CRA wasn't such a bad idea. It was followed by a deregulation of S%26amp;L's. Remember the bail-outs. Tax payers are still paying for that. If it was so bad why didn't Reagan with do something about it he had 8 years.and Bush with another 4 and W with 8 on his on. Because all their friend and family was making a lot of money.If Carter's Community Reinvestment Act was the cause of this financial crisis, why is UK's housing market bad?
Very Astute. I bet there is a major think tank out there just chomping at the bit to add you to there ranks.

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