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CRA has under 20% of the total sub-prime mortages in this country. It also only goes for FDIC banks, not all the investment banks that dealt in sub-prime. It has been in place since 1977 with no problems till now.
Loans generated from the CRA were also much less likely to get into the secondary market which is what has caused this mess to get as deep as it has. Read up on some articles on why the mess is what it is. Saying that some poor black people destroyed the big wigs on Wall Street is stupid. It's just revisionist history.
Whlie both sides of the aisle are responsible, it's absolutely retarded to not put blame on the party that has been in control of the Congress since 1994 and the Presidency since 2000.
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