[Siena Dreaming]

The paper, citing people familiar with the matter, said the report was expected to release emails from securities firms that developed or sold subprime mortgages and financial vehicles including collaterized debt obligations (CDO).

Anything about the CRA?

Didn't think so.

[Proud_USA_Republican]

Merrill Lynch was neck deep in CDO’s. The reason they were forced to be bought out by BOA by the government was that they were playing with their own money in those investments and lost billions.

[estrogen]

Anything about the CRA?

I was a loan officer for a community bank for 25 yrs. and was amazed that we were FORCED to lend to people who didn't qualify or we would be written up. The unqualified, of course, were minorities. I left the business in 2007 and retired.

Of course, we had our CRA officer ( at a salary of six figures)making sure that we lent to the masses.......what a complete fraud. Have never felt so good as when I retired. It always galls me when the banks get blamed for the meltdown. CRA was the catylst not the banks.