Free Republic

Abstract This paper discusses the difficulties of applying the Community Reinvestment Act to banks. It finds that the complications of community investment needs and the opacity of compliance formulas make any banking act too small a commitment to have real effects. Introduction The objective of this paper is to suggest some of the complexities of economic investment with respect to the Community Reinvestment Act (CRA) that make the algebraic formulas of compliance far out of range of true measurement. I will discuss some of the ways that the government has attempted to implement CRA compliance, what this reveals about the...

Connecticut voters split 41 - 42 percent on whether they think Sen. Christopher Dodd is honest and trustworthy and disapprove 48 - 41 percent of the job he is doing, his first negative approval rating in a poll by the independent Quinnipiac (KWIN-uh-pe-ack) University. ... Sen. Dodd A total of 42 percent of voters say they "definitely" or "probably" will vote to reelect Sen. Dodd in 2010, while 51 percent say the "probably won't" or "definitely won't" vote for him. By a 54 - 24 percent margin, Connecticut voters say they are not satisfied with Sen. Dodd's explanation of allegations...

A September 11, 2003 New York Times article shows that President Bush proposed “the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.” His proposal: An agency within the Treasury Department to supervise mortgage giants Fannie Mae and Freddie Mac. Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal. The current meltdown in the mortgage industry is a direct result of giving mortgages to people who could not pay them back, a practice protected by Congressional Democrats.

A federal constitution with the heart of a manifestoBy Noel Malcolm(Filed: 28/07/2003) In the minds of government ministers, it is a mere "tidying-up exercise" which will impart new "clarity" to an existing state of affairs. In the opinions of its opponents, it is the greatest alteration in the rights and powers of government in this country since 1688 - or, possibly, since the execution of Charles I in 1649. But in the hearts and minds of the British people, the new European Constitution has hardly made any impression at all; it is viewed with either vague apprehension or almost...