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


To: combjelly who wrote (423490)10/7/2008 5:21:13 PM
From: jlallen  Read Replies (1) | Respond to of 1573003
 
CRA affected the banks in two ways....

1. They had to issue subprimes to avoid regulatory issues; and

2. They could issue subprimes to compete with the Countrywide's, etc....

The 1995 revisions acted like gas being dumped on the fire....

J.



To: combjelly who wrote (423490)10/7/2008 5:22:57 PM
From: jlallen  Respond to of 1573003
 
Banks also bought a lot of these bad loans from table funders....