Mark Thoma explains why the CRA is not the cause of the current crisis...

As Congress prepares to debate the mother of all bailouts, both Wall Street and Main Street are focused on whether the plan will succeed and what its impact will be on taxpayers, investors and the economy...

On Sunday of this past week Merrill Lynch agreed to sell itself to Bank America, on Monday Lehman Brothers, a venerable major Wall Street investment bank, went into the largest bankruptcy in American history..

Starting in 1997, Clinton's head of HUD aggressively pushed the GSEs to subsidize the subprime market...