Posted on January 14, 2010.
Would you like to see proof that the Community Reinvestment Act is bad for business? Bridgewater Savings East:
"Bad debts or criminals?
Zero.
Foreclosures?
None.
Money set aside in 2008 for losses on loans provided?
Nothing. "
And because of the intelligent management of how the award FDIC bank?
"The FDIC East Bridgewater Savings slapped with a rare" must improve "rating, after evaluating the bank under the Community Reinvestment Act"
http://boston.bizjournals.com/boston/sto ...
And banks must ask permission to return to TARP funds.
Sounds like people's commissars have found their way to the United States.
