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Nicolas P. Retsinas

The end of the 'any breathing borrower' era

By Nicolas P. Retsinas
October 8, 2008

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BEGINNING in 1933 with deposit insurance, the federal government has corralled banks with regulations and regulators. Today the Comptroller of the Currency, the Office of Thrift Supervision, and the Federal Deposit Insurance Corporation stand guard. With the Community Reinvestment Act of 1977, the government set more strictures - banks must lend in communities where they accept deposits. People of modest ... (Full article: 724 words)

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