Unregulated derivatives market, banks engaging in risky lending, lack of oversight on mortgage fraud, unsafe leverage limits and artificially low interest rates were the biggest causes of the collapse.
CRA is a straw man argument.
Here is what Cuomo is doing:
http://www.nakedcapitalism.com/2008/01/cuomo-using-martin-act-to-pursue.html
http://www.crainsnewyork.com/article/20080507/FREE/124890528
All failures of government, and you cheer his efforts to shakedown the private sector and ignore government culpability.
I'm all for prosecuting fraud or illegal business practices, but the ballpark everybody was operating in was created by the government, and they're only interested in punishing the players on the field.
Andrew Cuomo should be in prison, not the governor's mansion or the White House.