You gotta love government. They lean on the banks to make bad loans and when it blows up they don’t consider looking in the mirror they just vilify “the banks” as predators.
--and that IRS, you really gotta hand it to 'em...
The majority of loans made during the bubble were made by institutions not covered by the CRA. Investment banks, hedge funds, pure mortgage lenders, anyone not a deposit taker was free to do exactly as they pleased and they were in the non-conforming subprime market because it was extremely profitable.