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Tuesday, March 16, 2010
NewsBusters Falsely Claims CRA Contributed to Financial Collapse
Topic: NewsBusters

In a March 15 NewsBusters post, Anthony Kang criticized a "60 Minutes" report on the financial crisis because it "didn't mention the role of the 1977 Community Reinvestment Act in forcing banks to loan to high-risk credits."

In fact, experts have concluded that the CRA played no substantial role in the financial crisis.


Posted by Terry K. at 7:25 AM EDT

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