CRA In Mind-Numbing Detail

I feel compelled to link to Johnny Longtorso's post on the CRA for two reasons. One, it's a fairly complete refutation of the idea that the CRA played a minimal role in the housing market meltdown. I won't go so far as to say the CRA is the problem, but it was definitely a major contributing factor. Two, from my perspective this was an attempt to shut one individual up on the topic. It didn't work, but it's a hell of a thoroughly sourced try.