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Old 09-23-2009, 03:42 PM
cobra de capell cobra de capell is offline
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Actually, CRA had little to do with the banking meltdown, other than the fact that CRA brought about the first lowering of lending standards with those standards subsequently put in place at all levels of real estate lending.

With that said, the CRA helped bring the system to its knees. Whether it played the major role or a minor role is beside the point.
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