Harvard economist says bankruptcy, not bailout, is the right answer
September 29, 2008
By Jeffrey A. Miron
Special to CNN
Editor’s note: Jeffrey A. Miron is senior lecturer in economics at Harvard University. A Libertarian, he was one of 166 academic economists who signed a letter to congressional leaders last week opposing the government bailout plan.
CAMBRIDGE, Massachusetts (CNN) — [...]

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C-Span footage proves Democrats blocked mortgage reforms proposed by Republicans four years ago

click here for C-Span video

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NY times Article from 9 years ago….
By STEVEN A. HOLMES
Published: September 30, 1999
In a move that could help increase home ownership rates among minorities
and low-income consumers, the Fannie Mae Corporation is easing the
credit requirements on loans that it will purchase from banks and other
lenders.
The action, which will begin as a pilot program involving 24 banks [...]

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Democrats blocked reforms that might have prevented mortgage crisis  click here for video

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Community Reinvestment Act
 
From Wikipedia, the free encyclopedia
The Community Reinvestment Act (or CRA, Pub.L. 95-128, title VIII, 91 Stat. 1147, 12 U.S.C. § 2901 et seq.) is a United States federal law that requires banks and thrifts to offer credit throughout their entire market area and prohibits them from targeting only wealthier neighborhoods with their services, [...]

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