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Saturday, July 9, 2011

Obama's DOJ: subprime round 2

Don't worry - taxpayers will back them. CRA, the sequel:

"In what could be a repeat of the easy-lending cycle that led to the housing crisis, the Justice Department has asked several banks to relax their mortgage underwriting standards and approve loans for minorities with poor credit as part of a new crackdown on alleged discrimination."

Read the whole thing at IBD.

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