Professor Bainbridge...on law, politics, religion, culture & food
Sub-Prime Mortgages: Who’s to Blame? What to Do?
Posted on Monday, May 19 2008 | Permalink
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How about blaming the Government.... by legislating/mandating
easy access to credit by forcing banks and lenders to lend to all economic strata of our country with threat of discrimination law suites if they don’t adhere to the “Community Reinvestment Act of 1977” and the subsequent heavy handed egalitarian legislation in the direction of the distorted liberal view of equal opportunity that they believe will result in equal results.