Reply #5: The CRA had NOTHING to do with this alleged crisis

[Vinnie From Indy]

The lie that has to be accepted in order for this ridiculous argument to be made is that the CRA MANDATED that lending institutions give loans to unqualified buyers. IT DOES NOT DO THAT! Any lending institution that was governed by the CRA STILL had the onus to give responsible loans to those that applied and were qualified. The GOP propaganda pimps are laughably trying to make it seem as though hordes of poor folks rushed into banks and forced the lenders to give them gargantuan sums of money regardless of their capability of paying it back based on the CRA. That scenario is ridiculous on it's face.