And before you accuse me of any sort of partisanship, that’s Thomas DiLorenzo writing on LewRockwell.com, a decidely non-GOP friendly website.
While SK might attempt to argue that CRA’s intent was to use proper lending guidelines and standards, the exact opposite happened (on a government program! Imagine that!).
Further, I would make a point of checking your math regarding “minority” defaults, especially in lower-middle and lower class neighborhoods. Your take doesn’t square with the facts.
