<?xml version="1.0" encoding="utf-8" standalone="yes"?>
<oembed>
	<version>1.0</version>
	<type>link</type>
	<objectid>138973</objectid>
	<title><![CDATA[New President, New CRA]]></title>
	<url>http://www.huffingtonpost.com/mark-winston-griffith/psst-president-obama-i-go_b_138973.html</url>
	<abstract><![CDATA[<p>It's hard to express how wildly absurd the right-wing suggestion is that the Community Reinvestment Act (CRA) created the subprime crisis.</p>

<p>According to the <a href="http://www2.fdic.gov/crapes/crafaq_v4.asp">FDIC </a>"In 1977, Congress enacted the Community Reinvestment Act (CRA) to encourage federally insured banks and thrifts to help meet the credit needs of their entire community, including low- and moderate-income neighborhoods, consistent with safe and sound operations. The CRA requires each federal bank regulatory agency to assess each federally insured institution's record of helping to...</p>]]></abstract>
	<taxonomy><![CDATA[Business]]></taxonomy>
	<date_published>2008-11-30T05:12:00-05:00</date_published>
</oembed>
