SI
SI
discoversearch

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: TimF who wrote (459303)2/25/2009 2:00:09 PM
From: tejek1 Recommendation  Respond to of 1574136
 
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.

I was in real estate in the '90s in LA...one of the ground zeroes in the subprime mess. There was no across the board effort to lower standards. It all happened under Bush.



To: TimF who wrote (459303)2/25/2009 2:16:25 PM
From: combjelly2 Recommendations  Read Replies (1) | Respond to of 1574136
 
"The CRA and other related actions where major factors in the start of the move to lower lending standards. "

How so? CRA didn't weaken standards, in fact, it made weakening the standards illegal.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News