I keep thinking that there was something else in addition to the CRA, much more recent.
But anyway… another factor ( I finally got around to looking it up ) is the Bankruptcy Abuse Prevention Act. When this was making the news I realized that this will alter credit pricing models at a time when consumer credit growth was running hot and the prices of consumer staples was tending to the high end of their range. This didnt cause the bubble but it without a doubt precipitated it bursting.
