Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: jlallen who wrote (459047)	2/24/2009 2:40:43 PM
From: combjelly	Read Replies (1) \| Respond to of 1577920

"And no banks purchased subprime loans?" Banks did purchase some of those loans. But they were far from the only purchasers. There were a lot of foreign banks that got caught in the mess, are you going to argue that they have to meet CRA obligations also? However, you have to realize, that well over half of the sub-prime loans were refinanced loans. So even if banks accounted for 100% of the purchased loans, more than half could not have been used to fulfill CRA.