[lbo-talk] [Pen-l] Community Reinvestment Act at fault -- NOT

Charles Brown charlesb at cncl.ci.detroit.mi.us
Wed Oct 8 06:23:27 PDT 2008



>>> Doug Henwood
The Rep line is ugly, but there is a grain of truth to it in that Clinton & Co. encouraged subprime lending as a low-income housing policy. It was a market-friendly substitute for spending actual money

on public housing and rent subsidies.

Doug

^^^ CB: Agree. Empowerment Zones are bull from the bully pulpit , also. ___________________________________ http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk

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