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Observations on housing's wreckage and recovery
Seidman takes no CRAp
In The American Prospect, an excellent rundown by former federal banking regulator and now New America Foundation financial services policy director Ellen Seidman of research showing that the Community Reinvestment Act did not cause the subprime crisis.
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How the homes we live in turned into the monsters that ate our economy and the United States became a nation obsessed with real estate.
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Yet, your book makes a strong case that government programs and political pressure to boost minority homeownership helped blow up the economy.