In numerous posts, I have argued that CRA affirmative action caused the economic crisis that is happening now. Vdare provides a far better post than any of mine, giving us case histories and numerous horror stories of bank?s proudly pissing away stupendous amounts of money, and boasting of their wonderful CRA compliance in so doing.
The bank?s boasts of trillions of dollars gives the lie to the much repeated claim that CRA was tiny, supposedly much too small to cause a world economic crisis.