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the writer fails to understand that the government didn't write these loans, didn't approve the borrowers for the loans, and didn't dice and slice the loans up to sell.
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I agree with your point here. We rail on individuals all the time for blaming the government for their own sorry circumstances. And yet, it seems somewhat acceptable for the banking industry to point their fingers at the government, or freddie and fannie, and effectively say, "But they made me do it!". Its hogwash. And yeah, the CRA excuse is ridiculous. I knew that the second I realized it had been a law nearly the entire time I'd been alive.