What he a factor? A small one. The big problem was the Congress of the early 90s that passed most of the strengthening of the CRA, and Senator Dodd who used his power and position to block any changes that the Bush Administration recommended so many times, as well documented in the source of this thread.
But can you point out where I ever denied any culpability, as you claimed? Like to retract that, or just leave that lie hanging out there?
Your denial is manifested in plain sight by your continuous and repetitive FY2009 quacking obfuscation of the culpability of the RINO Fithcally Conthervative jackwagons who rode W's compassionate conservative coat-tails into office.Would you like the Albatross raw or cooked?
"ROOTS: Roland Arnall founded Long Beach Savings, in 1979, which later became the parent of Orange-based Ameriquest Mortgage Co. Fueled by Wall [who got drunk] Street capital, Long Beach Savings and its executives spawned more subprime lenders, including [but not limited to] ResMae Mortgage Corp., Encore Credit Corp. and the subprime arm of Washington Mutual..."