We know how banks were intimidated into giving mortgages to individuals that couldn't afford them, and where that led.
Yes, during the Clinton and Bush years, and it was hardly through intimidation. The banks sought a quick buck, and that backfired on the entire economy. Oops!
http://en.wikipedia.org/wiki/Community_Reinvestment_Act
From your link: "Congress passed the Act in 1977." It took 33 years to crash the market? My mom paid off her post CRA 30 year mortgage in full before the crash. You may as well say the 1994 election was a reaction to the Civil Rights Movement.
