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...lend in poor communities, caused the subprime mortgage lending binge that sparked the current troubles. It's certainly conceivable that Washington's long-held obsession with fostering home ownership helped fuel the housing bubble. But when the subprime lending binge really took off from 2003 to 2006, financial institutions subject to CRA weren't the ones leading the way. Neither were government-sponsored behemoths Fannie Mae and Freddie...

Author: /time Magazine | Title: While the Regulators Fiddled ... | 9/17/2008 | See Source »

...when pressed for clarification (“How did the procedures change?”), Catalano tersely refused to discuss the subject further...

Author: By Clifford M. Marks, CRIMSON STAFF WRITER | Title: What Were They Drinking? | 9/17/2008 | See Source »

...rally in Tampa, Fla., McCain segued from prepared remarks on the uncomfortable matter of the Wall Street collapse (which he sometimes admits is the result of years of lax Republican oversight in Washington) and added comments on a much more rewarding topic: oil exploration. As he started on the subject, someone in the audience yelled, "Drill, baby, drill." To which McCain responded, "Right. Drill, baby, drill." To which the crowd responded, chanting, "DRILL, BABY, DRILL...

Author: /time Magazine | Title: Democrats Join the 'Drill, Baby, Drill!' Chorus | 9/17/2008 | See Source »

...issue has become, to some extent, the Republican answer to any and all questions that come up on the economy. McCain returns to it in nearly every speech on the subject, even though drilling has as much to do with the collapse of Wall Street financial firms or the falling job market as abortion does. The drilling issue may even help explain his choice of running mate - Sarah Palin's one area of true expertise can be said to be the politics of energy extraction...

Author: /time Magazine | Title: Democrats Join the 'Drill, Baby, Drill!' Chorus | 9/17/2008 | See Source »

...King. In a recent NBC News poll, 52 percent of those surveyed believed that immigration is detrimental to America, while only 39 percent found immigration to be beneficial. The same poll found that a slight majority of Americans saw immigrants as an economic threat. Despite public imagination on the subject, immigration is far from an economic threat. In fact, immigrants are tremendously beneficial to the American economy in several ways. For one, the influx of immigrants allows America’s population to grow faster than that of other industrialized nations. This growth ensures a large supply of workers...

Author: By Anthony P. Dedousis | Title: The Bitter Taste of Bigotry | 9/16/2008 | See Source »

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