I don’t know where to start here: someone who is against regulation is trying to argue that the CRA tied the hands of regulators who otherwise would have clamped down on flexible mortgages to rich people?...I am seriously beginning to worry that some of the folks who SHOULD have been more serious committed to Nancy's Just Say NO...
...
Read that first sentence again: a large majority of banks say CRA loans do just fine. This is Wallison’s source I’m quoting. This is the best evidence Wallison can find, and presumably (since this is his specialty, not mine) he went looking for it. Not only does the plane not get off the ground, but the airline canceled the flight before boarding...
[ cf James Kwak Is a Much Better Economist than Kevin Hassett or Lawrence White ]
Forgot apparently to know what to say no to...
PLEASE BOYS AND NONPERSONS LEARN TO NOT DO BAD DRUGS!!!
Or if you do bad drugs, do not do MASSIVELY STOOPID CITATIONS that oppose your core thesis...
