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

To: jlallen who wrote (458983)2/24/2009 9:56:19 AM
From: tejek  Read Replies (1) | Respond to of 1574097
 
the majority of the subprime problem had nothing to do with the CRA.

Nonsense.

Without CRA there was a much smaller market for these loans....the mortgage companies would have had no place to sell them....

Bull.

Again! The majority of subprime loans had nothing to do with CRA. Look it up on line. That info has been stated repeatedly in report after report.



To: jlallen who wrote (458983)2/24/2009 11:47:24 AM
From: combjelly  Read Replies (1) | Respond to of 1574097
 
"Without CRA there was a much smaller market for these loans....the mortgage companies would have had no place to sell them...."

Nonsense yourself. Most of the loans were written by companies who aren't affected by the CRA.


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