The Tragic Legacy of President Bush.
Bill Moyers talks to former constitutional and civil rights lawyer Glenn Greenwald about President Bush, his disregard for the rule of law and government accountability.
Part One:
Part Two:
Part Three:
Monday, December 15, 2008
Subscribe to:
Post Comments (Atom)
1 comments:
This is utter bullshit. This guy makes a ton of money off derailing off derailing Wall Street when he knows this whole financial crisis is the fault of the CRA.
Banks were now being judged not on how their loans performed but on how many such loans they made. This undermined the regulatory emphasis on safety and soundness. A compliance officer for a New Jersey bank wrote in a letter last month to American Banker that “loans were originated simply for the purpose of earning C.R.A. recognition and the supporting C.R.A. scoring credit.” The officer added, “In effect, a lender placed C.R.A. scoring credit, and irresponsible mortgage lending, ahead of safe and sound underwriting.
Post a Comment