Talking heads who want to blame the 1977 Community Reinvestment Act or the 1995 updates to it can only succeed if their audiences are ignorant to what these government acts did.
To that end here are two excellent summaries of why the CRA definitely wasn't the cause of the housing crisis and was a great benefit to the economy.
From Business Week's Aaron Pressman
and a blurb from the Federal Reserve with some links to studies.
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