AntonToo
Diamond Member
- Jun 13, 2016
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Additionally Andrew Cuomo sued banks to force them to make Sub-prime loans
I already addressed CRA, that you keep parroting about with FINANCIAL CRISIS INQUIRY COMMISSION findings:
"...the CRA was not a significant factor in subprime lending or the crisis. Many subprime lenders were not subject to the CRA. Research indicates only 6% of high-cost loans -- a proxy for subprime loans -- had any connection to the law. Loans made by CRA-regulated lenders in the neighborhoods in which they were required to lend were half as likely to default as similar loans made in the same neighborhoods by independent mortgage originators not subject to the law."
https://fcic-static.law.stanford.edu/cdn_media/fcic-reports/fcic_final_report_conclusions.pdf
Stop wating my time with already refuted garbage.