RealDumbDave's self-congratulatory discussion where little to no progress is ever made him profiteering in his own stupid and hate...<quoted text>
When will; you dumbass right whiners EVER learn how the CRA worked.
You are embarrassing yourself with your ignorance.
The CRA said banks had to use some of their profits to help people in their commuities to buy homes. For those who could not quite meet the down payment or mothly payments, banks would lower their rates a little so these people would be able to afford to make the payments. In any event, borrows HAD TO SHOW THEY COULD MAKE THOSE PAYMENTS. If they still had to prove they could make those payments, where was the high risk?
If you couldn't but your dream house because you the payments were too high but 6 months later interest rates dropped & now you could, that make you a riskier buyer?
Of course not.
BTW If Clinton signed aything, the Republicans had to have passed it in Congress& in 3008, Bush would have had to sign it.
It's the culture...