Think tanks

Think tanks

Cry Wolf Quotes

The important question, however, is not the default rates on the mortgages made under the CRA. Whatever those rates might be, they were not sufficient to cause a worldwide financial crisis. Once these standards were relaxed--particularly allowing loan-to-value ratios higher than the 80 percent that had previously been the norm--they spread rapidly to the prime market and to subprime markets where loans were made by lenders other than insured banks.

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Peter Wallison, AEI Online

[RGGI is] regulation without representation.

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Lawrence Kogan, director of the Princeton, N.J.-based Institute for Trade, Standards and Sustainable Development (ITSSD)

The CRA, by encouraging loosening underwriting standards, may have contributed to the massive increase in foreclosure rates.

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Michelle Minton, Competitive Enterprise Institute

By mandating an even higher minimum, the living wage prices even more people out of work. The people who push these cockamamie ideas never seem to ask why any employer would hire someone at $8.23 if that person's services are only valued in the marketplace at, say, $5.00.

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Lawrence W. Reed. Mackinac Center for Public Policy.
05/03/1999 | Full Details | Law(s): Living Wage