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

To: jlallen who wrote (423712)	10/8/2008 11:08:42 AM
From: combjelly	Respond to of 1573220

"There would have been no market (or at least a very limited market) for those mortgages if CRA and banking regulators had prevented the CRA covered institutions from buying them....." What they usually bought, especially lately, was derivatives and not the mortgages themselves. Which is how it spread to Europe and other countries.

To: jlallen who wrote (423712)	10/8/2008 1:26:58 PM
From: tejek	Read Replies (2) \| Respond to of 1573220

There would have been no market (or at least a very limited market) for those mortgages if CRA and banking regulators had prevented the CRA covered institutions from buying them..... However you want to spin it....both parties are at fault here....the dems for a wrongheaded policy and legislation and the Republs for not policing and not sounding the alarm as they should have.... The Dems are at fault because they insisted that there not be redlining in the cities??? Horse puckey! You people just don't get how bad you are. Hopefully, it will sink in over time.