And it's happening now.
Sorry, we can’t pin this in any part on the Community Reinvestment Act. That’s been on the books for 30 years without this sort of repercussion. When nonprofit groups lend to the poor, they demand all sorts of safeguards—financial education, limits on the value of the houses sold, and so forth. The mortgage companies that have lended did not—they loaned to everybody, and lots of times, not even poor people—just people who bought more house than they could afford.