cbirch2
Active Member
- Jul 9, 2011
- 1,394
- 49
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Fannie, Freddie and the CRA had almost nothing to do with the financial calamity that was wrought by the Bush administration. They did not make the bulk of the subprimes. That was done by predatory lenders backed by financial institutions like Goldman.
Even more:
If more loans were regulated by the CRA we would be better off today!
Loans issued by banks regulated by the CRA had significantly lower default rates.