Quote from Yannis:
Don't forget that the break in the economy happened during the last two years of W's presidency, ie, right after the Dems took control of the Congress. That's when Barney Frank et al started lending lots of cash to anybody who could fog a mirror and flooded the economy with gazillions of $$ that pushed the RE market way up... That's the bubble that later collapsed taking everything down with unsupported mortgages.
you aint too bright are you? the seeds of the real estate crash that happened in 2007 were sown several years before that by republican policies of deregulation and lax regulatory enforcement. still in your mind it was the dems who caused it all within months of their taking control?
the cra as the cause of the real estate crash has pretty much been debunked as the cause of the crash among anybody with a brain.