You forgot to put numbers in your answer. You get no credit for that question. So far, your score on the test is zero.<quoted text>
I actually have read a few studies.
Here is one:
"Two basic points emerge from our analysis of the available data. First, only a small portion of subprime mortgage originations is related to the CRA. Second, CRA-related loans appear to perform comparably to other types of subprime loans. Taken together, the available evidence seems to run counter to the contention that the CRA contributed in any substantive way to the current mortgage crisis."
There are others.
And, you forgot to tell us how you managed to get the governments of these foreign companies to force the Special Purpose Vehicles to open their books for your inspection.
Here's something else:
Ben Bernanke was testifying before Barney Frank's committee soon after the economic collapse caused by the Democrats' subprime housing loan program in 2008. When Bernanke mentioned the words "special Purpose Vehicle", all questioning of him immediately ceased.
Now, explain to us how Ben Bernanke uttering the words "Special Purpose Vehicle" was enough to shut every Democrat mouth in Washington and get unanimous support from the Democrats for him to continue as head of the Fed.