It's actually an extremely common argument that conservatives make to this day. Thomas Sowell blamed the CRA himself, so I'm not sure what your point is.
>>He then shows data that the anti discrimination legislation increased black default rates and questions whether you encouraging minorities to declare bankruptcy and enter financial ruin is really something to be desired.
He brought up anti discrimination legislation causing defaulting and bankruptcy, which the 2008 crash literally caused. I brought up a specific example of how Sowell is wrong. Sowell has directly commented on this matter. It is obviously relevant and doesn't require me to explain any further.
vadansky|5 years ago
>Sowell talked about the CRA and was proven wrong by multiple studies, like this one, which has a section dedicated to how the CRA wasn't a problem: https://www.responsiblelending.org/mortgage-lending/research....
So you agree the document you linked doesn't disprove what the other poster said? No one has brought up the 2018 housing crisis.
deiznof|5 years ago