Several major banks are under investigation for making thousands of predatory loans they knew the borrower would default on.<quoted text>
You have no possible way of supporting your statement "In the housing collapse, the percent of failed mortgages that were CRA was no higher than the percentage of all loans that were CRA. If CRA loans were the cause then certainly more of these would have failed."
You just pulled that lie out of the air.
The failed CRA loans were bundled into traunches and sold to "Special Purpose Vehicles".
A "Special Purpose Vehicle" is an offshore company created by a holder of these failed CRA loans. The mother company creates the Special Purpose Vehicle in a foreign country, then sells the traunches comprised of the failed CRA loans to the Special Purpose Vehicle, which removed the individual CRA loans from their accounting books. The mother company then bought the traunch back as a single line item in their books.
The short story is, it is impossible to count the failed CRA loans and do a statistical analysis, like you claim was done.
Or, perhaps that is wrong.
Please tell us how you convinced the governments of the countries where these Special Purpose Vehicles were created to force the Special Purpose Vehicles to open their books for your inspection.
Perhaps you need to be reminded of the fact that the Director of OFHEO testified that Fannie Mae and Freddie Mac were keeping fraudulent books and hiding the massive CRA failure even in 2003.
Do you every open your mouth and not lie?
So I sugest you give up the myth that "liberal democrats forced banks to make loans to the poor".
Just another conservative lie like Iraqi weapons of mass destruction.