First of all, it is none of government's business to order a company - any company - to direct their profits into the government's pet projects. Raise taxes to fund their pet projects maybe - but that was cause a stink, a taxpayer revolt. So, instead, they opt to publicly paint local/regional banks as being greedy, corrupt usury monsters, call in racist groups like the NAACP along with the Jesse Sharptons to dance around the Liberal media cameras and then hit those banks with the CRA krap. Socialist Browbeating is right out of the Saul Alinsky playbook, dood. "Community Organizer" is codeword for Socialist Party Operative. The Boy Messiah is one of them.<quoted text>
Here is where you are wrong.
The CRA said banks needed to use a portion of their profits to help those in the local communities. For some that wanted a mortgage but could not afford the payments under the standard interest, banks would offer a mortgage with a lower rate. The buyers STILL HAD TO SHOW THEY COULD AFFORD THOSE PAYMENTS.
Secondly, just about anybody can show they can "afford" things. Actually making the payments is a whole different ballgame. How many blacks get their goods repossessed? How many million dollar lottery winners can show they can "afford" million dollar homes and the a few years later are standing before a bankruptcy judge?
How many sports celebrities show they can "afford" high end mortgages because of 30 million dollar contracts and 5 years later are crying poverty?
How many Hollywood Liberals file bankruptcy after showing everyone in the financial community they can "afford" Heaven on Earth accommodations? Lindsy Lohan?
How would YOU like to be the guy sent to remove a black family from a S. Chicago $10,000 house they they refused to make payments on because Al Sharpton said they deserved to screw over a bank?