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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (421164)	9/30/2008 8:37:41 PM
From: steve harris	Respond to of 1573826

when Janet Reno strongly encourages you to do something ted, you better do it...

To: tejek who wrote (421164)	10/1/2008 1:46:16 AM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1573826

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. Tenchusatsu