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The CRA is tiny. It wasn't large enough to affect the American real estate market, much less global real estate markets.
Tsk tsk, that's a bald, shall we say, misrepresentation of the truth. The Democrats used the CRA as a bludgeon to force banks to make loans to people who never had a chance of paying them back. The CRA was the seed that started the whole mess, and by denying that basic truth guarantees we have another fiasco.
But I know you folks on the left want to deny any connection to the housing collapse, and it's so much easier to just blame Wall Street.
Tsk tsk, that's a bald, shall we say, misrepresentation of the truth. The Democrats used the CRA as a bludgeon to force banks to make loans to people who never had a chance of paying them back. The CRA was the seed that started the whole mess, and by denying that basic truth guarantees we have another fiasco.
But I know you folks on the left want to deny any connection to the housing collapse, and it's so much easier to just blame Wall Street.
You are failing to draw a distinction between CRA and subprime.
Like I said, CRA was too small to have a serious impact on global real estate markets, or global capital flows in general.
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