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Author: CCinOC Big gold star, 5000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 726233  
Subject: Re: CRA clearly did lead to risky lending Date: 12/12/2012 8:37 PM
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warrl wrote: By comparing empirical results in cases where CRA empirically had a greater impact, against cases where CRA empirically had a lesser impact. The actual real-world results say that it caused riskier lending.


I say it's not possible. CRA lending guidelines were more strict than the Alt-A lending guidelines. Alt-A guidelines were "fog a mirror" guidelines and were what really caused the problems, not CRA.
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