My experience has been this idea has largely been a myth pushed in conjunction with the community reinvestment act and the financial crisis, When. Looking at nu

My experience has been this idea has largely been a myth pushed in conjunction with the community reinvestment act and the financial crisis, When. Looking at numbers, most of the subprime mortgages were originated by institutions not subject to the CRA and we had decades of banks complying with the CRA without giving out subprime loans. The financial crisis was largely a system repackaging loans they knew were bad and then claiming falsely they were good using voodoo math. And the CRA didn’t force them to do that.