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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (421214)10/1/2008 1:14:31 PM
From: tejek  Read Replies (1) of 1574198
 
You know what, ten, I am not going to argue with you. You have shown yourself to be someone who operates more on emotion and hyperbole than on the facts. You want to believe what you want to believe no matter what I or anyone tells you to the contrary. So continue to believe what you want and be sure to vote for McCain and Palin......they are your kind of candidates.

Ted, > Just so you know.......lending in the inner city was not required as inoys suggests but it was strongly encouraged.

"Strongly encouraged" is a synonym for "You better do this if you know what's good for your career ..."

As for redlining, that practice was outlawed in the 1970s or 80s. I'm sure it still happened after that, which is why local politicians, including congressional representatives, probably used their influence to encourage lending in urban renewal zones.

The problem is that when your first priority is to your community and your constituents, you could give a rat's ass about accountability as long as you can show that home ownership rates are up in your district. Even as late as 2004, useful idiot Maxine Waters declared that there was nothing wrong with Fannie Mae and Freddie Mac. We now know why she said that, and it wasn't because she knew anything about the financial fundamentals of the two organizations.
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