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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Trumptown who wrote (376701)	10/21/2008 10:56:34 AM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 436259

Welfare queens killed the bankers?-rofl- The o man and his crew took down the world? -pimp- Sara should have known the answer about what community organisers do. I had no idea they were so powerful.-S- ================== <<the gov`t forced banks to stop doing their fiduciary duties?>> - YES...do some research...here's a few random clips I'm not making any excuses, the whole thing is absurd...but, many don't understand when it really started and why... (winter 2000) city-journal.org en.wikipedia.org mediacircus.com nypost.com

To: Trumptown who wrote (376701)	10/21/2008 1:19:55 PM
From: LLCF	4 Recommendations Respond to of 436259

Stared? Well it DIDNT start the way you imply... by "forced" government action. Here is the most invasive "forced action" you can come up with?: The Community Reinvestment Act (or CRA, Pub.L. 95-128, title VIII, 91 Stat. 1147, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.[1][2][3] The Act was intended to reduce discriminatory credit practices against such neighborhoods, a practice known as 'redlining'.[4] The Act requires the appropriate federal financial supervisory agencies to encourage regulated financial institutions to meet the credit needs of the local communities in which they are chartered, consistent with safe and sound operation. FWIW, folks here have followed this and watched it unfold for years. You may want to listen for once: <<Ahhh, but the low rates were not the problem...any responsible institution would not lend money to someone who had a low probability of repaying it (regardless of rates). Rates were going down to encourage more borrowing (not irresponsible borrowing). Those in charge knew they needed to keep it going or risk a recession...>> Dude, you're essentially flipping off a decade or more of carefully watched and formulated opinion on this thread, including "The Great Heinz Blasnik". Better run away fast... I think you're about to be banned a "Clown". DAK