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Quick Fact: IBD again pushing discredited claim that affordable housing caused financial collapse
Quick Fact: IBD again pushing discredited claim that affordable housing caused financial collapse
An Investor's Business Daily editorial advanced the discredited claim that efforts to "facilitate homeownership among minorities" and the Community Reinvestment Act (CRA) "undermined the financial system" and "started" the "financial collapse." Numerous experts, including Federal Reserve chairman Ben Bernanke, have said that the CRA did not contribute to the crisis "in any substantive way." Read More
http://mediamatters.org/research/201001220021
An Investor's Business Daily editorial advanced the discredited claim that efforts to "facilitate homeownership among minorities" and the Community Reinvestment Act (CRA) "undermined the financial system" and "started" the "financial collapse." Numerous experts, including Federal Reserve chairman Ben Bernanke, have said that the CRA did not contribute to the crisis "in any substantive way." Read More
http://mediamatters.org/research/201001220021
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