The left has dismissed any claim that the CRA played a role in the housing boom by pointing out that it was enacted in 1977, while the subprime boom played out in the early 2000’s. But this ignores the possibility that regulators may have started to enforce the CRA rigorously only later.
左派拒绝承认所有CRA在1977年实施后催生了房地产繁荣的观点，而次贷繁荣在21世纪初结束。但这忽略了一种可能性：监管者只能在之后大力推进CRA。