[Mavdog]

it is absurd to direct blame for the current crisis on the cra. there isn't any data that supports your position.

the cra has NOTHING to do with option arms, nor 100% financed mortgages. the act was to stop redlining, not to change lending standards. the cra does not mandate loose lending requirements. it also was not just directed to mortgages but also to small business lending.

the primary writers of the risky mortgages, such a countrywide or indymac, aren't even involved with the cra, they were not governed by its provisions.

it is also wrong to characterize lower income borrowers as all sub-prime credit risks. lower income does not equate to a sub-prime credit rating.

take a look at the locations of home foreclosures, they are not concentrated in low income neighborhoods that the cra was intended to aid.