Conservative media
Cry Wolf Quotes
Because the Community Reinvestment Act is really kind of a Cloward and Piven kind of scheme that really led to all of the things that, well, we're now having to bail banks out for.
In the first place, bureaucracies never become efficient; they're never going to get rid of administrative costs; they're never going to reduce them. That's not the purpose of bureaucracies. It's to increase those things.
It is likely enough that many of these child laborers will grow into capitalists and become "too rich," like their present oppressors.
Any review of the history of the affordable mortgage movement in America demonstrates the power that CRA had in helping to shred mortgage underwriting standards throughout the industry and exposing us to the kind of market meltdown we've experienced. “If form follows, soon banks and other financial institutions operating under CRA will be cudgeled into lending to small businesses based on race and gender, which will be the opening of a new round of lower lending standards in the very risky small-business sector. The effort to save and extend CRA in the face of its role in the mortgage market's massive meltdown is testament to the unique power of this legislation to nourish an entire industry of nonprofits that, like Acorn, have been reliable supporters of politicians such as Barney Frank, Maxine Waters and a former community organizer and associate of Acorn by the name of Barack Obama.
