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  • Ignore Liberal Poverty Pimps: Community Reinvestment Act Helped Cause the Wall Street Crisis

    10/04/2008 1:31:00 PM PDT · by vadum · 24 replies · 1,558+ views
    Capital Research Center ^ | October 4, 2008 | Matthew Vadum
    Getting class-warriors to admit they're wrong about anything is always a struggle. Witness Bill O'Reilly's attempt to get House Financial Services Committee chairman Barney Frank (D-Massachusetts) to admit he was on the wrong side of housing policy for decades. Frank, a member of the kooky socialist Congressional Progressive Caucus, wouldn't give an inch in a recent interview even though his fingerprints (and those of some Republicans) are all over the current crisis on Wall Street. (See transcript from October 2 "The O'Reilly Factor" show here; video here) But let's look at the facts. Stanley Liebowitz, an economist at the University...