If you're talking about the Community Reinvestment Act then perhaps you should go into more detail about why you feel it was responsible: http://www.businesswe

If you're talking about the Community Reinvestment Act then perhaps you should go into more detail about why you feel it was responsible: http://www.businessweek.com/investing/insights/blog/archives/2008/09/community_reinvestment_act_had_nothing_to_do_with_subprime_crisis.html http://www.businessweek.com/investing/insights/blog/archives... Supposedly 50% of loans were done by institutions who were not regulated under the CRA. There were plenty of institutions making bad loans w/o any pressure what so ever. Wall Street pretty much deserves about one hundred percent of the blame. No one investigated or cared where mortgage back securities were coming from or how viable they were. Just because the temptation is there to take advantage of something, doesn't mean you should. For a sector that keeps shouting about how regulation is ruining the economy, they are very poor at self-regulating themselves, as shown by the housing bubble. They needed to learn restraint & showed they actually had none.