Category: CRA

The ATM with a sari and a smile: Part 2, growing the customers

18 October, 2011 (10:48) | Banking, CRA, Global news, Housing, India, Infrastructure, Innovations, Networks, Regulation, Slums | 2 comments

By: David A. Smith   [Continued from yesterday's Part 1.]   As we saw yesterday via this New York Times article, India is rapidly expanding its banking customer base, through a wonderfully innovative mixture of people and electronics.  Like other forms of infrastructure, the establishment cost is not free, and it’s being driven, as many […]

The ATM with a sari and a smile: Part 1, growing the network

17 October, 2011 (09:45) | Banking, CRA, Global news, Housing, India, Infrastructure, Innovations, Networks, Regulation, Slums |

By: David A. Smith   Networks are fantastic innovations, but only if they make it the last hundred yards to your doorstep, so you can connect to them.     The blood has to get to everywhere and from everywhere   That’s why everything from the internet to the sewage system starts in the higher-income […]

Visibility perception bias

3 October, 2011 (10:18) | CRA, Foreclosure, Homeownership, Markets, Speculation, Subprime, US News |

By: David A. Smith   During World War II, B-17 bombers were known as Flying Fortresses because they could take an incredible pounding and still make it home.    Like every other tail in this post, it brought its crew home safely   Ugly and slow-moving, with a takeoff speed of about 140 mph and […]

Great posts by other (GBPO) 02: pyramids, promises, and public transportation

29 July, 2009 (10:06) | Cities, CRA, GPBO, Home asset finance, Innovations, Mass transit, South Africa, Theory |

Previous GBPO may be found here:  GBPO 01.]   Continuing our if-the-opportunity-will series of Great Posts By Others (GBPO), here are three more provocative slices of the housing finance world:   Down these mean streets a blogger like Jockin goes   2.1 Business for Development   The site Business For Development [Hat tip: Yousuf Marvi] […]

Don’t blame CRA: Part 3, what passes for evidence

26 November, 2008 (09:06) | CRA, Policy, Subprime, US News | 1 comment

[Continued from yesterday's Part 2 and Part 1.]   The previous two parts of this post introduced us to Howard Husock’s argument in City Journal, recapitulating themes he’s sounded over years and years, that the Community Reinvestment Act is the worm in capitalism’s apple that sucked banks into making bad loans.   CRA?   It’s particularly tough […]