Further support for this conclusion comes from our finding that serious delinquency rates for subprime loans are high in all neighborhood-income categories, not only those in lower-income areas, as might be thought if the CRA were a contributing force to the subprime crisis.
What we need is solutions – practicable and relevant solutions that can be implemented. Finally, I would like to add that this type of dialogue is healthy and provides an excellent platform for exchange of ideas so that we can all work together and move forward for a better Fiji. Thank you. 4  BIS central bankers’ speeches