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elena-s [515]
2 years ago
15

Why did some Americans defend the community reinvestment act of 1977 during the Great Recession

English
1 answer:
Mumz [18]2 years ago
5 0

Answer:Congress enacted the Community Reinvestment Act (CRA) in 1977 to encourage banks and thrift institutions to “serve the convenience and needs of the communities in which they are chartered to do business,” including low- and moderate-income (LMI) communities, and to do so in a manner “consistent with the safe and sound operation of such institutions.” The CRA requires each federal bank regulator, including the Federal Reserve, to evaluate the extent to which banks address the credit needs of LMI neighborhoods in their geographic markets. While research generally indicates the CRA has increased lending to LMI communities, the Act has been a source of debate since its passage.

Explanation: hope this answers your question.

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Select Noun Phrase if the underlined group of words is a noun phrase. Select Not a Noun Phrase if the underlined group of words
svlad2 [7]
"the price for an item is too high" - not a noun phrase. Actually, this is a clause, as it has a predicate of its own.
"a bottle of water while strolling" - not a noun phrase. "A bottle of water" would be a noun phrase (a phrase that has a noun as a headword), but "while strolling" is an adverbial phrase that describes the verb "buy".
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3 0
3 years ago
How does the narrator change as the story progresses?
Phoenix [80]

Answer:

What is the text? I will need it to help you! :)

Explanation:

8 0
4 years ago
FIRST ANSWER GETS BRAINLIEST what are some storylines that are based around the importance of family?
Bad White [126]
The book To Kill A Mockingbird has themes of family.
5 0
4 years ago
Read 2 more answers
What does an effective conclusion for an essay include?
kherson [118]
A restatement of the thesis.
3 0
3 years ago
What is the theme of the McWilliamses and the burglar alarm?
Gwar [14]

Answer:

The theme of the story is that intelligence is more effective than money in protecting people.

Explanation:

"McWilliamses and the burglar alarm" is a short story written by Mark Twain. In this story we know the McWilliams family who spent lots of money buying burglar alarms for the house where they live, but thieves keep entering the house frequently, which shows that the alarms are completely ineffective. When the family complains to the company that makes the burglar alarms, the company says they need a better and more expensive alarm, which also doesn't stop thieves from breaking into the house.

Given this, Mark Twain shows that the McWilliams family could not see that they were being deceived by the producer of the burglar alarms. This lack of family intelligence prevented them from realizing this and for that reason, they believed that money was needed to protect them, when intelligence was even more essential in this case. Thus, we can conclude that the theme of this story is that intelligence is more important than money to protect a person and their family.

It is important to emphasize that the theme of a story refers to the message that the author wants to promote through the text.

7 0
3 years ago
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