Hey, You Don’t Expect People To Read That Stuff

October 13, 2008 | Jim Vicevich | Comments Off on Hey, You Don’t Expect People To Read That Stuff |

Ok … this may very well be the quote of the day. Cavuto interviewing Acorn Housing Director Mike Shay on it’s role in the sub-prime mortgage mess. Shay claims only a few such CRA loans are bad (more on that below) and the ones that did go bad were the result of predatory lenders not homeowners who couldn’t afford to pay. That sets Cavuto off.

BTW, Wall Street Journal reporter Steve Moore says the number of bad CRA loans is much higher than claimed. His research says 20%.

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Jim Vicevich

Jim is a veteran broadcaster and conservative/libertarian blogger with more than 25 years experience in TV and radio. Jim's was the long-term host of The Jim Vicevich Show on WTIC 1080 in Hartford from 2004 through 2019. Prior to radio, Jim worked as a business and financial reporter for NBC30 - the NBC owned TV station in Hartford - and as business editor at WFSB-TV in Hartford for 14 years while earning six Emmy nominations and three Telly Awards.

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