More Defense of the CRA
The right-wing chorus continues to try to pin the current financial meltdown on the Community Reinvestment Act (CRA). In case you missed our earlier post that debunked the claim, here’s one from the American Prospect, Congressional Testimony by Michigan law professor Michael S. Barr, University of Oregon econ professor Mark Thoma, Ellen Sideman (former head of the Office of Thrift Supervision), and one hot off the presses from BusinessWeek.
