Jim DeMint (R-SC) has also blamed CRA
for decreasing underwriting standards and increasing the number of
loans to people who "could not afford to pay them back." Often, the sentiment, such as King's reference to so-called bad neighborhoods, comes tinged with a kind of subtle racism.
It's all ridiculous. As Aaron Pressman pointed out back in 2008, "Just the idea that a lending crisis created from 2004 to 2007 was caused by a 1977 law is silly.