Comments on: Don’t blame CRA: Part 3, what passes for evidence http://affordablehousinginstitute.org/blogs/us/2008/11/dont-blame-cra-part-3-what-passes-for-evidence.html Affordable Housing Institue Mon, 22 Feb 2010 01:10:03 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: TMLutas http://affordablehousinginstitute.org/blogs/us/2008/11/dont-blame-cra-part-3-what-passes-for-evidence.html/comment-page-1#comment-17307 TMLutas Tue, 02 Dec 2008 23:40:16 +0000 http://affordablehousinginstitute.org/blogs/us/2008/11/dont-blame-cra-part-3-what-passes-for-evidence.html#comment-17307 The text of legislation can be virtually meaningless (see the 2nd amendment pre Heller) if the courts take things in a novel direction. CRA lawsuits structured so that the process is the punishment don't show up in any legislative analysis. Here's a link to one lawsuit against Citibank - http://www.mediacircus.com/2008/10/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/ The actual docket can be found there as well if you don't like the writer's interpretation. The text of legislation can be virtually meaningless (see the 2nd amendment pre Heller) if the courts take things in a novel direction. CRA lawsuits structured so that the process is the punishment don’t show up in any legislative analysis. Here’s a link to one lawsuit against Citibank – http://www.mediacircus.com/2008/10/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/

The actual docket can be found there as well if you don’t like the writer’s interpretation.

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