1. I agree with Mr. Harvard No-bailout on a couple of things. Notably not letting GSE's like FnMA and FnMC operate under the vague possibility of government guaranty. At least with the SBA, the guaranty is specific. But how do you just "get rid" of Fannie and Freddie? It's not like you can just close them down and sell off their assets. By his own admission, there is no market for real estate CDOs.
2. The CRA does not encourage subprime lending, lax regulation caused that. The CRA prevents redlining, which many argue is more insidious than agressive mortgage lending.
3. He forgot that they need to abandon all these different bank regulatory agencies: OCC, OTS, FFIEC, FHFB. And for that matter, there is no reason to distinguish between FSBs, commerical banks. Also get rid of dinosaur financial concepts like ILCs, Edge Act Corporations, and credit unions--it only takes a pulse to join one these days.
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