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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (472962)	4/17/2009 6:46:15 PM
From: combjelly	Respond to of 1576280

"But that can't be true." Yes it can. "You assured me that CRA loans default at a lower rate than other loans, because they actually are regulated!" That is true. "The truth is actually the opposite of what you claimed." No it isn't. "CRA loans are at a higher risk of default for obvious reasons." Not necessarily true. It looks like you don't know what you are talking about. "The ones who got screwed over are the subprime borrowers, a significant chunk of which were related to CRA or the influence thereof." This is a falsehood. A CRA loan is not necessarily a sub-prime one. In fact, unless they changed it, a CRA loan cannot be a sub-prime one at all. Most, if not all, sub-prime loans were written by institutions who aren't covered by CRA.