Quote:
Originally Posted by pocketkangaroo
The forced loans weren't the problem. Only 1 of the top 25 subprime lenders in this country were under the CRA umbrella. The subprime problems came from financial companies that weren't treated as banks and thus not forced to lend to anyone. The CRA thing was just a debunked talking point put out to blame the mess on poor blacks. It's laughed at by just about every economist and financial analyst.
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Regardless of the amount of subprime loans under the CRA do you deny that Frank and Dodd blocked legislation to place lending limits on Freddie and Fannie while at the same time receiving campaign cash and sweetheart loans from Countrywide Financial?
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