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In other news, the CRA only applies to retail banks offering FDIC-insured deposits, while most of the stupid loans were written by pure mortgage banks immune fr
by prodigal_erik 15y ago
In other news, the CRA only applies to retail banks offering FDIC-insured deposits, while most of the stupid loans were written by pure mortgage banks immune from the CRA. And it's not as if they needed to be pressured into it when they could take their cut and dump 100% of the fraudulently concealed risk.