On the left, the Obama Administration is criticized for catering to big business and holding up key environmental policies. On the right, they are criticized for issuing a torrent of regulations and stifling economic growth. Both can’t be true. In a blog post today Bloustein Associate Professor Stuart Shapiro talks about how federal regulatory policy is the product of politics first and substance second.
Toney & Kelly: A History of Local Racial Housing Covenants and Federal Housing Policies
Abstract An assembly of literature finds that the Home Owners' Loan Corporation (HOLC) did not engage in credit redlining, by means of withdrawing mortgage refinance support from lower rated areas and extensively directing support to higher rated areas. The HOLC does...