Providence Journal (RI) (10/07/08); Needham, Cynthia
At a speech at Brown University on Oct. 6, House Financial Services Committee Chairman Barney Frank, D-Mass., said unregulated lenders and lax credit standards, as well as the failure of House Republicans to beef up lending controls while they were in power, are responsible for the housing and credit crises. He stressed that Republicans cannot point fingers at the Community Reinvestment Act and efforts to increase affordable housing, as regulated lenders write loans under the program.
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