[CurlyDave]

Read the WHOLE community journal article I linked. It was the CLINTON ADMIN that used the CRA to force banks to change their lending standards. You are correct it was passed in ‘77, but the radical change came about in 1999.

Why didn't Bush restore sanity in 2001?

[Georgiaisred]

This article was written in 2000 about Clinton’s CRA’s. It’s truly an unbelievable story complete with ACORN’s finger prints all over it.

http://www.city-journal.org/html/10_1_the_trillion_dollar.html

[psjones]

The president tried in 2003, but Fannie and Freddie seem to have had too many friends in congress.
This is a very interesting article, it mentions what the president tried to do, but he ran into strong opposition.

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/13/AR2008091302638_4.html

[VeniVidiVici]

Why didn't Bush restore sanity in 2001?

Politics. I can just imagine what the Democrats would have done had a newly elected Republican president issued an executive order cancelling away a 30-year program that gave away loans to "the working poor".