Quote:
Originally Posted by scottw
All the data you posted seems to validate is that a sub-prime explosion fueled by cheap money was a primary driver of the mortgage crisis. it was what eventually caused the crap to hit the fan
And still, there's nothing that indicates the CRA was behind this, which is the context for this discussion, that the recession was caused by Liberal policies. yes, LIBERAL POLICIES...giving people money with the approval and backing or threat of goverment reprisal with no accountability!
In fact, as I've mentioned several times now, conservative economists like David John have reported that the bulk of sub-prime loans didn't originate from CRA influenced areas no kidding??? nor did they suffer higher default rates
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Good god man get a grip on yourself.
-spence
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