Thank heavens Byron York is watching the other hand right now – see here. It seems Congressman Frank’s House Financial Services Committee is currently looking at proposals to enhance and strengthen the Community Reinvestment Act. Unbelievable. Stories like this can swamp you with a feeling of hopelessness. I am going to go paint some rainbows or something.
Here is a great column by Thomas Sowell explaining the major role the CRA played in last year’s Housing Collapse.