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Home » Store » News » Fed Governor Presents Study to Debunk Critics’ Claims that CRA is to Blame for Subprime Mess

Fed Governor Presents Study to Debunk Critics’ Claims that CRA is to Blame for Subprime Mess

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A top Federal Reserve Board official this week disputed conservatives’ claims that the Community Reinvestment Act played a major role in the country’s current financial crisis. In remarks during a Fed policy forum on concentrated poverty in America, Fed Governor Randall Kroszner said an agency study debunks assertions that the CRA was at the root of, or somehow...
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