Disproved? No, I don't think so. The CRA may not in itself be the cause soley of the greed that over took the housing, and investment markets, and you have a point that republicans jumped on board with many demo's whispering in their ears that they needed to in order to be re elected as a party, but as far as wanting regulation of Fannie, and Freddie goes demo's did indeed stand in the way of regulation, it is documented, and on tape. I have posted it several times.
Did demo's plant the corrupt seed through ACORN that forced banks to take on mortgages that couldn't support themselves, and had no chance of being repaid? Hell yes they did, and they used thug, extortion tactics to do it too.
Banks and investment houses are to blame when it comes to the greed involved in hedging their bets on these mortgages, but that also was a green light given them by demo's when banks started to complain that they would loose money on these bad home loans, and when repubs tried to reign in through regulation Fannie, and Freddie, players like Dodd, and Frank stood in their way because the payoff was in. Countrywide approving a sweetheart deal for Dodd on a shack in Ireland....Come on man.
It's crap man, demo's always try and tell repubs that lies of moderating they views to be more like demo's in order to hang on to power, then when they do, they screw it up, and demo's just jump back and blame the whole thing on them like Lucy hold the Football for Charlie Brown every fall. Demo's don't realize that the people have awoken in the past two years, and are starting now to analyze this web you libs have woven, and when they do, lib leaders will be lucky if retirement is all they are forced into, and not a prison where they should be.
PS, Oh, and to be fair, repubs that went along with these schemes will be on the block also....Progressivism is a cancer, and it infects both parties to one degree or another, we need to root it out.