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Rightwingconspirator2/18/2010 2:12:01 pm PST

re: #643 drcordell

It was repealed by a bipartisan congress, passed along party lines in the Senate yet signed by Pres. Clinton.

I wonder if these numbers are right from Wiki
“The year before the repeal, sub-prime loans were just five percent of all mortgage lending.[citation needed] By the time the credit crisis peaked in 2008, they were approaching 30 percent.[citation needed] This correlation is not necessarily an indication of causation however, as there are several other significant events that have impacted the sub-prime market during that time. These include the adoption of mark-to-market accounting, implementation of the Basel Accords, the rise of adjustable rate mortgages etc.[20]”