FWIW I don't think that our current problems were caused entirely by the CRA. The rocket scientists on Wall Street who leveraged themselves 30x on the assumpti

FWIW I don't think that our current problems were caused entirely by the CRA. The rocket scientists on Wall Street who leveraged themselves 30x on the assumption that housing prices would never go down are just as culpable. Another issue is that in the 70's the big three ratings agencies started charging bond-issuers for ratings, rather than bond-buyers, setting up a huge conflict of interest.