If a person takes out a mortgage loan and pays the loan on time, what does it matter who made the loan and who they sold it to?<quoted text>
Still peddling that damned lie? CRA only applied to banks chartered under the FDIC. The unregulated mortgage brokers like Countrywide and Indy Mac weren't and they're the ones who made the toxic loans, converted them into mortgage backed securities and infected the whole financial system.
You're an idiot DB!
The problem was caused by irresponsible borrowers.