less regulated than the CRA-Chartered banks !
The non-CRA banks were able to get away with engaging in all kinds of $chemes-$cams, fraudulent-AAA-credit-ratings,
making huge amounts of $$ on each Sub-Prime-Loan they gave out, then reselling them in bundles as AAA-rated !
The CRA was boosted, Glass-Steagall Act repealed in,
Senate Banking Cmte Chair, Jan-1995-Jan-2001, Phil Gramm's R-TX, Gramm Leach Blilely Act 1999 !
Treas-Sec: R-Rubin, Jan-95-Jul-99, NEC-Cncl-Dir-93-95, CFR-Chair-2007-prsnt,
Treas-Sec: L-Summers-Jul-99-Jan-01, NEC-Cncl-Jan-2009-Dec-2010
Bill Clinton signed the GLB-Act-1999 !
"The Private-non-CRA-Chartrd-banks made up 2/3," "CRA-Chartrd banks, Fan-Fred-others 1/3,"
of the Sub-Prime-Mtg-Loans given out, 1999-2010 !