Community Reinvestment Act had nothing to do with subprime crisis

Fresh off the false and politicized attack on Fannie Mae and Freddie Mac, today we’re hearing the know-nothings blame the subprime crisis on the Community Reinvestment Act — a 30-year-old law that was actually weakened by the Bush administration just as the worst lending wave began. This is even more ridiculous than blaming Freddie and [...]

Greenspan says U.S. economic growth slowing

Former Federal Reserve Chairman Alan Greenspan said on Sunday that the rate of U.S. economic growth was slowing, but the odds of a recession are less than 50 percent.
Greenspan also said in an interview on CNN’s “Late Edition with Wolf Blitzer” that the turmoil caused by the subprime mortgage crisis was easing and financial markets [...]