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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (427836)10/18/2008 11:36:46 AM
From: tejek1 Recommendation  Read Replies (1) of 1575947
 
It is not tenable to suggest that the Community Reinvestment Act, which was enacted more than 30 years ago, suddenly caused an explosion in bad subprime loans from 2002 to 2007. During the 1990s, enforcement under the reinvestment act was strong, prime lending to low-income communities increased and it was done safely. In 2000, a Federal Reserve report found that lending under the act was generally profitable and not overly risky.

This is exactly what I have been saying..........they are so desperate to malign the Dems and Obama they are lying through their teeth at every turn.........inoys, harris, bummer, jlallen, t.fowler......the whole lot of them. They are the very least of us and they are trying to keep the very best of us from being president. It ain't going to happen!
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