Academics

Academics

Cry Wolf Quotes

There is no evidence of significant discrimination in mortgage lending.

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George J. Bentson, a specialist in financial regulation at Emory University. New York Times.

Mr. Forbes, a former director of the Bureau of Mines has gone on record as saying that accidents are problems of human failure and that if the Bureau and industry are going to correct these accidents that they have to be attacked through the medium of correction within the human mind, and the human body, and the man has to be made to act safely.

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W. Foster Mullins, Chief Mine Inspector for Virginia, Testimony, House Committee on Education and Labor.

The problem with the Community Reinvestment Act is not its goals but its vagueness and ambiguity that have led to a nightmare of documentation, paperwork and formalized process that diverts bankers' time and bank resources from being utilized to serve our communities… we need to build a system of supervision and enforcement that encourages creativity and substance in community reinvestment lending.

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Michael K. Guttau, National Mortgage News

Be prepared for the creation of an intrusive bureaucracy to police the ordinance by examining the books and payroll ledgers of businesses…

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Randy Hamilton professor at the University of California, Berkeley. Oakland Tribune.
11/24/1997 | Full Details | Law(s): Living Wage