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.<quoted text>
"1) There was effective oversight over the RA program."
And that explains how the testimony of the Director of OFHEO in 2003 about Fannie Mae and Freddie Mac keeping fraudulent books to hide the CRA failure was heeded; and how the Democrats' Marxist CRA program collapsed the eocnomy after two years of oversight by Democrats.
"2) Bush lied to Congress concerning the Iraq threat & nuclear weapons"
Where did Valerie Plame say they were?
And, because Congress has access to the same intelligence, it must have been quite a conspiracy to get the Democrats to support the war in Iraq, right? You're not one of those conspiracy nuts, are you? Perhaps there was a conspiracy where the Republicans would give no effective oversight of the Democrats' CRA program to the Democrats in exchange for the Democrats supporting the war in Iraq.
"3)How did the Democrats do any of that crap when they controlled no committees & were in the minority in Congress."
(see above, conspiracy nut)
"4) Two years after the Democrats took the house would have been January of 2009, dumbass."
Ok. One year, 8 months,dumbass.
The Democrats' Marxist subprime CRA program collapsed the economy after one year and eight months of oversight by Democrats Dodd and Frank.