Think tanks

Think tanks

Cry Wolf Quotes

The CRA, by encouraging loosening underwriting standards, may have contributed to the massive increase in foreclosure rates.

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Michelle Minton, Competitive Enterprise Institute

The CRA has created opportunities for rent seeking and financial and logistical burdens for all lenders. The Act forces lenders to spend money, time, and resources on documentation, PR, and other compliance costs.

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Michelle Minton, Competitive Enterprise Institute

The Obama Tax Plan Would Eliminate Hundreds of Thousands of Jobs Each Year….In other words, for Americans who are unemployed now, their prospects of employment would worsen under the Obama tax plan.

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The Heritage Foundation's study “Obama Tax Hikes: The Economic and Fiscal Effects".

…the government has used regulatory and political pressure to force banks and other government-controlled or regulated private entities to make loans they would not otherwise make and to reduce lending standards so more applicants would have access to mortgage financing… the CRA was used to pressure banks into making loans they would not otherwise have made and to adopt looser lending standards that would make mortgage loans possible for individuals who could not meet the down payment and other standards that had previously been applied routinely by banks and other housing lenders... a law that was originally intended to encourage banks to use safe and sound practices in lending now required them to be innovative and flexible--a clear requirement for the relaxation of lending standards.

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Peter Wallison, AEI Online