On Feb 5, 2010, at 10:06 AM, Brad Belton wrote: > The underlying point still holds true; big government imposing rules on > lenders forcing them to lend to those that wouldn't have normally qualified. > No, it in fact does not hold true. Since CRA mortgages were only a fraction of the bad mortgages it is logical to conclude the other bad mortgages would have still been made if there were no CRA mortgages. Further, it is reasonable to assume that if no CRA mortgages were made even more non-CRA mortgages would have been made given the additional available capital.
There is plenty of blame to go around; trying to pin it on one thing is a waste of time. -Matt -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
