Community Reinvestment Act

There were many causes working in conjunction that produced this economic crisis.  I have heard it expressed as being the result of a “perfect storm”.  among the many causes, one of the biggies is the Community Reinvestment Act (CRA).

We are already hearing some talk from elected officials, and cabinet members about how to prevent a catastrophe like this from reoccurring.  Although there are some voices from our side who are correctly naming the CRA as one of the culprits, they always stop short of calling for it’s repeal.  It is time for republicans to stop being scared of being republicans.  They should speak out boldly like Rush.