"Between the Community Redevelopment Act, requiring banks to……" — Wilbur Ross
"Between the Community Redevelopment Act, requiring banks to make what I would call very weak loans, and specific quotas that the Congress imposed on Fannie Mae and Freddie Mac, that created the market demand that really led to the subprime phenomenon."
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Wilbur Ross
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13 Quotes by Wilbur Ross
Wilbur Ross has 13 quotes on this site.
A few more worth reading:
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I see myself as a private-equity investor that helps rebuild companies. Restructuring is a cottage industry in that there aren't…
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Shale gas, if left to flourish, could create several hundred thousand more jobs.
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Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.
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Each weekend I play at least one and maybe two sets of tennis a day. My doubles team was in…
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You cannot just keep borrowing more and more and keep spending more and more without eventually having a day of…
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Ships are a strange kind of commodity because they're very lumpy, very big individual units, but they're commodities.
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If you want to do something to destroy consumer spending, just eat away at the middle class because the other…
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What is worrisome about that is the U.S. standard of living. I think it is very difficult to envision our…
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There is a future for the auto parts industry, but it needs a consolidation and a rationalization of geography in…
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Generally speaking, companies get into bankruptcy as a kind of meritocracy. Somebody made some sort of big mistake, to get…
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Shipping has a great oversupply of vessels that came from over-ordering a few years back. We think 2014 may be…
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I think at the end of the day, the real sick man of Europe is liable to turn out to…
See all 13 quotes by Wilbur Ross »
More Act Quotes
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