Future generations will look back upon the financial crisis of ‘08 as the most sensational “whodunit” of the young century. Was the Bush administration behind it all? Or was it the Democrats and their beloved Community Reinvestment Act? Were greedy Wall Street bankers and financial speculators to blame? Or was it Alan Greenspan and the [...]

With the U.S. credit crunch gone global and the $700 billion bailout package now looking like a small drop of water in a tidal wave of woe, the question of blame is now all over the media.
Who caused this mess?
If you read the Wall Street Journal you could easily come away thinking that the whole [...]

Financial institutions have a continuing and affirmative obligation to help local communities meet their credit needs. The Community Reinvestment Act (CRA) passed in 1977 requires financial institutions to reinvest deposit funds back into the communities in which they are located and encourages institutions to meet the credit needs of the local communities consistent with safe [...]