It didn't cause it directly. Indirectly, it caused a lax in lending standards. Bush used it to eliminate down payments indicating it was unfair lending. The purpose of the ACA was to eliminate red lining. The ACA was an evolving law that changed over the years. Every administration added to it.<quoted text>
There is nothing in the CRA that said banks had to loan money to people that could not afford it.
You are lying.
CRA loan are typically conventional, long term mortgages. Not the no interest, ballon type that failed.
F & F along with other financial institutions participated in the mortgage back security scam. They did not create it.
The subject was capitalism, or that capitalism caused the collapse. My opinion is it was government involvement beyond regulation,(keeping it honest), and participated in the market. You reaffirmed that opinion with F&F participating in the scam. F&F is a government sponsored enterprise.