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<blockquote data-quote="Jones" data-source="post: 895580" data-attributes="member: 4805">Nowhere in that video does anyone give any specifics to back up your claim that &quot;It was the federal government telling the banks they will make those loans or else.&quot;You state that the government used legislation like the Community Reinvestment Act, but a study conducted in 2003 found no evidence that it increased home buying in low income areas more than home buying in high income areas. <a href="http://www.federalreserve.gov/communityaffairs/national/CA_Conf_SusCommDev/pdf/cannerglen.pdf" target="_blank">click</a>A further study in 2008&nbsp; by the CEI pinned the blame squarely where it belongs:<a href="https://web.archive.org/web/20111003184822/http://cei.org/cei_files/fm/active/0/Michelle%20Minton%20-%20CRA%20-%20FINAL_WEB.pdf" target="_blank">click</a><a href="http://cei.org/cei_files/fm/active/0/Michelle%20Minton%20-%20CRA%20-%20FINAL_WEB.pdf" target="_blank"></a><a href="http://cei.org/cei_files/fm/active/0/Michelle%20Minton%20-%20CRA%20-%20FINAL_WEB.pdf" target="_blank"></a></blockquote>

[QUOTE="Jones, post: 895580, member: 4805"] Nowhere in that video does anyone give any specifics to back up your claim that "It was the federal government telling the banks they will make those loans or else." You state that the government used legislation like the Community Reinvestment Act, but a study conducted in 2003 found no evidence that it increased home buying in low income areas more than home buying in high income areas. [URL='http://www.federalreserve.gov/communityaffairs/national/CA_Conf_SusCommDev/pdf/cannerglen.pdf']click[/URL] A further study in 2008 by the CEI pinned the blame squarely where it belongs: [URL='https://web.archive.org/web/20111003184822/http://cei.org/cei_files/fm/active/0/Michelle%20Minton%20-%20CRA%20-%20FINAL_WEB.pdf']click[/URL] [URL='http://cei.org/cei_files/fm/active/0/Michelle%20Minton%20-%20CRA%20-%20FINAL_WEB.pdf'] [/URL] [/QUOTE]

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