More CRA Idiocy | The Big Picture

More CRA Idiocy | The Big Picture

Barry says, and I agree, that the bulk of the subprime loans were written by non CRA banks. That is, of course true. He points out an interesting point: No CRA banks imploded with the financial meltdown.

Of course you can't forget the chart I used as further proof. I came to my conclusions based upon the chart, and Ritholtz came to the same conclusion, that the CRA was not the catalyst for the housing bubble. While there was a CRA mini bubble, by itself it would have gone nowhere. 

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