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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (423924)10/8/2008 11:00:28 PM
From: SilentZ  Read Replies (1) of 1574683
 
>There was an implicit and obvious racial component to the passage of the CRA act in the first place. "Affirmative action" for borrowers, essentially.

For sure.

>Thus, any defender of CRA is a friend of minorities, while anyone criticizing it for helping to exacerbate the mortgage mess is branded a "racist."

Because of the fact that it didn't help to exacerbate the mortgage mess.

-Z
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