9:30 PM | Posted in ,
Representative Ellison spent some time on the floor of the House of Representatives yesterday to discuss predatory mortgages and to debunk the myths surrounding the Community Reinvestment Act.

Mr. Speaker, what else are these purveyors of confusion supposed to say?

They have had an opportunity to spread deregulation all over. They have declined the opportunity for many years to pass an antipredatory lending bill. They have promoted tax breaks for the wealthiest among us. And now that they have had the opportunity to have a House and a Senate in which their particular caucus was in the majority, they have had a full opportunity to manifest their economic ideas, and what those ideas have come to has been the largest foreclosure crisis since the Great Depression.

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