CRA Advocates Forced end of Glass Stegal


By Entitlemented   Follow   Mon, 19 Nov 2012, 10:55pm   284 views   1 comment
In Goleta CA 93117   Watch (1)   Share   Quote   Permalink   Like   Dislike  

Looks like Clinton, Dodd, bullied Gramm into the Glass Stegal changes in the late 1990s.

http://www.nytimes.com/1999/10/24/us/deal-on-bank-bill-was-helped-along-by-midnight-talks.html?pagewanted=all&src=pm

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  1. Entitlemented


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    1   10:58pm Mon 19 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    They needed this likely to allow the subprime from just the CRA loans to shift into all FHA and private label loans:

    http://www.nytimes.com/1998/08/02/business/l-banks-obligations-176362.html

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