Academics

Academics

Cry Wolf Quotes

There is no evidence of significant discrimination in mortgage lending.

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George J. Bentson, a specialist in financial regulation at Emory University. New York Times.

These teenagers [that drop out of school to take the higher wage jobs] take jobs that would go to unskilled adults, making it harder for those adults to make the transition from welfare to work.

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N. Gregory Mankiw, The Boston Globe.
06/24/2001 | Full Details | Law(s): Living Wage

It is simply wrong-headed policy…[Federal and state banking regulations] require or aggressively nudge banks into subsidizing parts of the community [The proposals] would only aggravate the problem.

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Lawrence J. White, a professor of economics at New York University's Stern School of Business, New York Times.

The problem with the Community Reinvestment Act is not its goals but its vagueness and ambiguity that have led to a nightmare of documentation, paperwork and formalized process that diverts bankers' time and bank resources from being utilized to serve our communities… we need to build a system of supervision and enforcement that encourages creativity and substance in community reinvestment lending.

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Michael K. Guttau, National Mortgage News