Thanks Mike P.
Maybe some of you haven't owned a home yet and have no idea what's going on out there. When you try and get a loan and your told that if you were black and made a little less money then you get a loan easier(which IS what the CRA did..I don't care what you read it does happen) There is also literature on it being targeted towards minorities.
So even besides that the fact that the gvt. MANDATES it is even worse. Banks were given CRA credit scores. That is completely unacceptable in a free market. It's a quota system for housing and IT FAILED. Yes deregulation doesn't help when you have an open door for getting the money that is never going to be paid back but both parties were involved in Deregulation but the Dem's Clinton and Carter were involved in the CRA. Obama has people who head his campaign who are directly involved in the Fannie-Freddie problem.
You people better watch out who you suck up to. I don't trust either party...but I know what I'm voting against. It's never been clearer. Good Luck.