To back your bullshit up, you'd first have to know what a "Special Purpose Vehicle" is, what countries they were established in, what their purpose was,...<quoted text>
In a November 2008 study, Federal Reserve economists Glenn Canner and Neil Bhutta analyzed mortgage-related data to assess such arguments and found no empirical evidence to support the claim that the CRA was a major contributor to the subprime crisis.
and how your so-called "economists" convinced the governments of the countries these "Special Purpose Vehicles" were established in to force these "Special Purpose Vehicles" to open their books for their review when the US government couldn't do that.
For clarification on what a "Special Purpose Vehicle" is, ask Ben Bernanke why he referenced them in his testimony before Barney Frank's committee, after which all questioning of Bernanke immediately ceased when he uttered the words "Special Purpose Vehicle", and later he got 100% support from the Democrats to continue as head of the Fed.
For some reason, Bernanke mentioning "Special Purpose Vehicle" to Barney Frank's committee was enough to shut every Democrat mouth in DC, and ensure unanimous support from the Democrats to continue as head of the Fed.
You really need an education on this, dumbass. You can't make any determination without looking at the mortgages, and the mortgages are in the possession of these "Special Purpose Vehicles" which were established in foreign countries specifically to prevent any investigation.