Rudy Canoza wrote:
http://digitalcommons.law.yale.edu/c...ext=fss_papers


justification of CRA:


As Senator Proxmire, the principal sponsor
of the CRA, remarked, "We need to encourage bankers to get out
of the office and walk around the block and find loan opportunities
here at home. The law already provides that banks are chartered to
meet the convenience and needs of their communities.
[u]nfortunately many bankers and many bank regulators have forgotten
the meaning of those words."'

The purpose of CRA is to discourage banks from
exporting the wealth of communities by taking
deposits and funnelling the loans to the
bankers community.

Any honest banker will tell that amounts to theft.