Date: November 26th, 2008

Don’t blame CRA: Part 3, what passes for evidence

26 November, 2008 (09:06) | CRA, Policy, Subprime, US News | 1 comment

[Continued from yesterday's Part 2 and Part 1.]
 
The previous two parts of this post introduced us to Howard Husock’s argument in City Journal, recapitulating themes he’s sounded over years and years, that the Community Reinvestment Act is the worm in capitalism’s apple that sucked banks into making bad loans.
 

CRA?
 
It’s particularly tough because the CRA’s had gone three [...]