For those couple of readers of my blog that still insist on the bogus line that, somehow, the economic collapse was caused by liberals forcing banks to make loans to poor people (you know who we mean,) here's a great comment by Paul Krugman. The gist of his remarks:
"The Community Reinvestment Act of 1977 was irrelevant to the subprime boom, which was overwhelmingly driven by loan originators not subject to the Act."
There's plenty in the way of (gasp!) actual facts to back up his position. But then, he is only a Nobel Prize winning economics professor, not Glenn Beck or Michelle Bachmann, so what the hell does he know?