DEJA MELTDOWN ALL OVER AGAIN? “In the wake of the subprime implosion, the Obama Administration has stepped up its scrutiny of disadvantaged neighborhoods’ credit access,” Bloomberg News reports:

The 1977 Community Reinvestment Act (CRA) requires banks to make loans in all the areas they serve, not just the wealthy ones. A Bloomberg analysis found the percentage of banks earning negative ratings from regulators on CRA exams has risen from 1.45 percent in 2007 to more than 6 percent in the first quarter of this year.

The CRA — say, that rings a bell:

RELATED: At TaxProf, “How the $8,000 Tax Credit Cost First-Time Homebuyers $15,000.”