Mike Konzal demolishes the case that CRA lead to risky lending.
I do wish people who try to portray CRA as the villain behind the GFC would try and show how papers from the Fed and each Regional Fed on this issue were wrong.
They never do. They simply ignore them. This is usually proof they have no case.
Whoopsy I forgot Noah Smith has also written on this.
Okay read this Fed research paper on the topic!