SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (421214)10/1/2008 8:15:44 AM
From: steve harris  Read Replies (1) | Respond to of 1574023
 
I think it has become very clear who the yellow dog democrats on this thread are.

We could post which democrat has 700 billion from Fannie Mae in a Swiss bank account and it wouldn't change the discussion...



To: Tenchusatsu who wrote (421214)10/1/2008 1:14:31 PM
From: tejek  Read Replies (1) | Respond to of 1574023
 
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.