Quote from: Love Topic

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.


Share this:  

Author Bio


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