Tag Archives: Community Reinvestment Act

GM – A Car Company Gives Sub-Prime Lending a Try

Ah, the Community Re-investment Act.  It was a progressive dream turned nightmare as it was the root cause of the housing bubble that we are all now living through.  Sure, financial houses reacted to ridiculous government lending requirements by creating silly financial instruments, but they weren’t really given a choice. Now, GM is following suit.… Read More »