Subprime mortgage crisis Essays

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The Real Cause of the Housing Crash

The real reason the housing market crashed in 2008 stems from the fact that President Clinton and his Department of Housing and Urban Development signed off on over 100 executive orders pressuring banks to qualify credit for individuals in high-risk communities, which was collectively called the Community Reinvestment Act. The CRA directly led to over […]

Pages: 6 Words: 1784 Topics: Bank, Debt, Housing, Money, Subprime mortgage crisis, United States
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