When Obama’s participation in an anti-redlining lawsuit is characterized as a “smoking gun” for his culpability in the current crisis, I know that we’re through the looking glass.

The bizarreness of attempts to blame the Community Reinvestment Act (CRA) and ACORN for the current subprime crisis is so totally bizarre that it raises an important question: is the point of all of this to (1) simply find some way, no matter how warped, to blame Obama for the crisis or (2) also to plant the seeds for a campaign to bring back discriminatory lending practices?