Asked about the Community Reinvestment Act on 'The View', President Bill Clinton said Fannie and Freddie had lots of money in 90s and he gave the money to poor people for subprime loans

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"How can you vote Republican when they so messed up the economy?"  Of course, the far-left press never mentions the Community Reinvestment Act.  Asked about the Community Reinvestment Act on 'The View' (an ABC production), President Bill Clinton said times were different in the 90s.  Fannie and Freddie had lots of money.  Clinton decided that Fannie and Freddie should give the money to poor people for sub-prime mortgages.  Fannie and Freddie were ground zero and the first to blow up, creating the 'Bailout' mess...

http://www.youtube.com/watch?v=8dns6oX4p98

Welcome to the FDIC Community Reinvestment Act Bank Ratings website:

These pages enable you to find the current Community Reinvestment Act rating for banks making mortgages that have been examined by the FDIC since July 1, 1990.  The site offers users the opportunity to search for the ratings and PEs of one or more institutions through the use of drop down search options for criteria such as "Asset Size", "Exam Period", "CRA Rating", "City", etc.

 http://www2.fdic.gov/crapes/



 

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