FDIC’s Bair Sets to Shatter CRA Myth

Steve Sailer: iSteve: 10/13/13 – 10/20/13 – Nowhere.’ The facts are simple, Bair said. The lending practices that are causing problems today were driven by a desire for more market share and revenue growth, not because the government encouraged certain lending practices." (FDIC’s Bair Sets to Shatter CRA "Myth", by Kelly Curran, HousingWire.com, December 5, 2008.)

FDIC's Bair says money funds run moral hazard – MarketWatch – Institutions say they would drop money funds if SEC kills stable NAV. Pointing to the financial crisis of 2008, FDIC’s Bair argued that idea that there is a stable NAV for money-market funds is "a myth." "Just because the term is short does not mean the investments are risk free," she said.

Items Tagged with ‘Federal Deposit Insurance Corp’ – "I want to give you my verdict on CRA: NOT guilty," said. Federation of America, Bair said Thursday she wanted to clear up the "myth" that the Community Reinvestment Act caused the financial crisis.

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Never Yet Melted » Business – fdic chief sheila Bair said it was a “myth,” adding that “it’s really unfortunate that this is out there.” “It’s simply not true,” she asserted. Next up was Comptroller of the Currency John Dugan, who agreed the CRA “certainly was not the cause of the subprime crisis.”.

FDIC's Bair: U.S. Needs to Rein in Deficit – Washington Wire. – Congress and the administration also need to mend their ways and start reining in the federal budget deficit, FDIC Chairman Sheila Bair said at a securities industry conference in New York Wednesday.

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