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Just before Jimmy's Community Reinvestment Act (CRA) came the Equal Credit Opportunity Act signed by Gerald Ford, pretaining to crediting and investing, the name says it all. Then directly leading to what's behind the economic crisis facing our nation right now, is not the banks. It all started in Carter's administration when he readily signed the Community Reinvestment Act in 1977. This act FORCED banks to lower standards for making riskier loans to risky investors. Then came in Bill Clinton's administration that further degraded the banks standards, which allowed for even more risky investments. It just so happens that the bulk speculating came out across on the housing market.
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What was the outcome of the 1980 presidential election between President Jimmy Carter and Ronald Reagan?
<<They where both Presidents....That's about it... >> Can't expect an intelligent answer from somebody who can't even spell "were". President Reagan, rescued the United States from the inflation and economic recession of the Carter years. By bluffing the Soviet Union into believing we had a "Starwars" antimissile shield, we won the cold war which lead to the freedom of eastern Europe and Russia. Reagan restored pride in the country and through "Reaganomics" lead this country in a period of unequalled economic growth. Carter, gave away the Panama Canal, allowed foreign immigrants who never paid into Social Security to receive benefits. (Leading to the near collapse of the system). Carter started the Community Reinvestment Act which essentially forced mortgage companies to loan money to people who could not afford nor qualify for a mortgage. (This partly why we have the problems we have today). Carter established the Department of Energy which costs us $billions to get us off of foreign oil, a total failure. To improve schools he grew the government by establishing the Department of Education which costs us $billions and once again a miserable failure.
What did President Jimmy Carter do for the environment?
President Carter attempted to solve the energy crisis by establishing the National Energy Act.
How did Jimmy Carter act as chief legislator?
The Airline Deregulation Act was signed into law on October 28, 1978. Before this piece of legislature was passed, the Civil Aeronautics Board (CAB) regulated everything from fares to schedules and all domestic air transport. In Congress and other places as well, there became a popular belief that the CAB was haulting growth and carrying out inefficient practices. Jimmy Carter proposed this legislation in aim of removing government control and opening the deregulated passenger aim transport industry to market forces. These changes were carried out very rapidly and since 1978, nine major airlines and 100 smaller airlines have gone bankrupt. www2.scholastic.com/browse/article.jsp?id=4671
What did Jimmy Carter accomplish?
Best Known As: 39th President of the U.S., 1977-81For the source and more detailed information concerning this subject, click on the related links section below this answer box.
President carter ordered a military mission in response to?
the iranian hostage crisis
What is promoted by the Community Reinvestment Act?
These laws include the Community Reinvestment Act, which promotes community credit needs.
Who pushed for passage of the national energy act?
Jimmy Carter
Where can you find details of the American Recovery and Reinvestment Act?
You can find details of the American Recovery and Reinvestment Act at Recovery.gov.
Who was the president during the Indian religious freedom act in 1978?
Jimmy Carter
How did Jimmy Carter deal with the oil crisis?
President Carter attempted to solve the energy crisis by establishing the National Energy Act.
The American recovery and reinvestment act provided support bye?
The American recovery and reinvestment act provided support by creating and saving jobs. Also, it provided relief programs.
Is the stimulus bill the same as the American Recovery and Reinvestment Act of 2009?
yes the American recovery and reinvestment act (ARRA) is the same thing as the stimulus package. the (ARRA) is the real name.
The American Recovery and Reinvestment Act of 2009 was passed in response to?
An economic crisis
What was Barack Obama's most important achievement?
he passed the American Recovery and Reinvestment Act
What does the abbreviation cra mean?
CRA can stand for different things depending on the context. It could refer to the Canada Revenue Agency, Community Reinvestment Act, or Clinical Research Associate.
What president started deregulation and in what year.?
The Depository Institutions Deregulation and Monetary Control Act of 1980, signed into law by President Jimmy Carter, was the first major reform of the U.S. banking system since the Great Depression.
What was Jimmy Carter's first act as President?
He granted amnesty to Americans who evaded the draft during the Vietnam War
