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CRA Advocates Forced end of Glass Stegal


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2012 Nov 19, 2:55pm   1,337 views  1 comment

by Entitlemented   ➕follow (0)   💰tip   ignore  

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   2012 Nov 19, 2:58pm  

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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