CRA wasn't the problem.

Derivatives/CDO's, that were contrived by mixing in high risk loans and low risk ones then rated AAA for the whole package...WAS the root of the problem.

If the high risk loans stood on their own, then the secondary mortgage market would have rejected them and banks/mortgage companies would have stopped (or vastly reduced) the number of high risk loans they made...because they couldn't dump them off on someone else.

Those who try to lay the problems at the feet of a political party...are just ignorant simpletons.

My biggest disappointment with Obama, is that he didn't put a whole bunch of the rating agencies scumbags...in prison!!



Deepest Sincere Wishes: