Also, if the CRA was responsible, why did CRA-covered banks have half the default rate of non-CRA covered banks, and most of the defaults come from mortgage banks totally unaffected by the CRA? The CRA is a fairy tale made up to reassure Free Market absolutists that the market DIDN'T fail, when clearly it did, and repeatedly does, going back to Tulip Mania. That's why you regulate markets - they're no more intelligent than any other herd.
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"Don't take life so serious-it ain't nohow permanent."
"Everybody's gotta be somewhere." - Eccles