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Old 03-28-2013, 02:58 PM   #54
Xanathol Xanathol is offline
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Join Date: Mar 2011
Casino cash: $8891
Quote:
Originally Posted by 'Hamas' Jenkins View Post
The old CRA boogeyman again.

This has been thoroughly debunked.

CRA loans defaulted at lower rates than unregulated subprime loans, including commercial real estate and loans from mortgage originators like Countrywide, who weren't subject to CRA regulations.

You want to know who's really at fault? Idiots like the OP, because your wanton lack of critical thinking skills is what allows for things like the subprime crisis to happen, because you try and oversimplify an incredibly complex system into an easily digestible answer. Consequently, you don't actually look for causes, you look for reasons to satiate your confirmation bias, which insulates guilty parties from scrutiny and the system from real change.
"It has been thoroughly proven that the Chiefs have won every Super Bowl that has and has not been played!"

See, saying something is so, does not make it so.
Posts: 669
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