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As lawsuits wind their way through the court system, more details and allegations about the inner workings of the subprime world are emerging.

Worth noting from yesterday’s House Judicial subcommittee hearing on the foreclosure crisis: Republicans just can’t shake the temptation to blame the Community Reinvestment Act for causing the current economic turmoil.
You’ve heard the critics’ argument before: The CRA hasn’t so much empowered low-income borrowers as it has lowered lending standards, thus forcing banks to make the [...]