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The whole CRA thing is a myth that has long been debunked. Half of subprime loans were made by entities that are in no way regulated by the CRA, and another 1/4 were made by subsidiaries that were only partially regulated by it.
So even if every single loan made by banks regulated by the CRA were only made because of the CRA (which is not true), the majority of troubled subprime mortgages still had nothing to do with it.
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