Daily Archives: September 27, 2008
Credit Crisis demystified
When: Seeds were sown way back in 1977. Known as Community Reinvestment Act , is a United States federal law that requires banks and thrifts to offer credit throughout their entire market area and prohibits them from targeting only wealthier neighborhoods with their services. The bill encouraged the Federal National Mortgage … Continue reading
Filed under AIG, bailout, Business, Capitalism, Credit Crisis, Economy, Election, Election 2008, Fact, India, News, Random, Uncategorized, US, Wallstreet
