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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Neeka who wrote (1781)	11/19/2008 4:06:04 PM
From: DuckTapeSunroof	1 Recommendation Read Replies (1) \| Respond to of 103300

Still... with the VAST MAJORITY of all sub-prime mortgage loans made by institutions that were not even subject to the Community Reinvestment Act provisions, (which applied only to the large banks, not the crop of 'non-bank' mortgage lenders which sprang up in recent years) and CRA loans running around a default rate of 1/4 percent, (while sub-prime overall posts 4 1/4 percent) then I believe that only someone willing to IGNORE the statistics could claim any causal relationship between CRA and the sub-prime mess of the past few years.