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

To: combjelly who wrote (459110)2/24/2009 4:22:24 PM
From: tejek  Respond to of 1574122
 
For the CRA, the "cave" started to "fill up" right away"

BS.

Historically speaking, the default rate for CRA loans has been slightly lower than the general market. So, in your analogy, CRA loans weren't filling the cave but modestly helping to pump it out.

I thought the CRA was about houses, not caves.



To: combjelly who wrote (459110)2/25/2009 1:16:29 PM
From: TimF  Read Replies (2) | Respond to of 1574122
 
The CRA and other related actions where major factors in the start of the move to lower lending standards. True once the move started lenders went along with it eagerly, so its not like it can all be put on the CRA, and lawsuits (and fear of lawsuits or preemptive changes to avoid the risk of them) related to the ideas behind CRA can get all the blame, but they where negative factors.


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