Wilbur Ross quote

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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.
Wilbur Ross
Wilbur Ross
Wilbur Ross
Born: Nov 28, 1937

Topics

Community, Congress, Market, Mac, Weak, Would, Between, Demand, Make, Call, Imposed, Led, Very, Banks, Created, Really, Act, Requiring, Specific, Phenomenon, Loans

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Related Authors

Bill Gates, Henry Ford, Jim Rohn, Les Brown, Peter Drucker, Stephen Covey, Steve Jobs, Warren Buffett

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