Quote by: Wilbur Ross

Between the Community Redevelopment Act, requiring banks to make what I would call very weak loans, and specific quotas that the Congress imposed on Fannie Mae and Freddie Mac, that created the market demand that really led to the subprime phenomenon.


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Author Bio


  • NameWilbur Ross
  • DescriptionAmerican businessman
  • BornNovember 28, 1937
  • ProfessionFinancier