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New Study Finds CRA 'Clearly' Did Lead To Risky Lending

Running from the truth - Carter, Clinton & Obama - They are the cause of the financial collapse - Community Reinvestment Act of 1977. Click the picture to read the truth.

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The Community Reinvestment Act (CRA, Pub.L. 95–128, title VIII of the Housing and Community Development Act of 1977, 91 Stat. 1147, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities. Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.

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Subprime Scandal: Docs Reveal Democrats' Community Reinvestment Act Played Huge Role - Sovereign Nation

Democratizing Capital: The History, Law And Reform of the Community Reinvestment Act, by Richard Marsico

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http://teapartymainstreet.blogspot.com/ Who is responsible for this mortgage/financial train wreck in 2008? In 1977, Former President Jimmy Carter created the Community Reinvestment Act (CRA), In 1992, the regulator of Fannie Mae was critically weakened by the actions of Congressional Representative Barney Frank, In 1995, President Clinton's administration revised Community Reinvestment Act (CRA) regulation. Barrack Obama Is Just Carrying On The Destructive Ambitions .