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: TimF who wrote (459609)	2/26/2009 9:16:41 PM
From: combjelly	Read Replies (1) \| Respond to of 1574102

"It, and esp regulations and lawsuits comming off of it where indeed about applying pressure to weaken standards on home lending." I'd have to see some proof of that. It wouldn't make sense because over 80% of the loans in question were not written by institutions covered by the CRA. "There is no effective way to do that other than to have the government make decisions about home loans directly, or to spell out in incredible and very inflexible detail what standards will be accepted." There are plenty of effective ways. For one, they should meet the same economic criteria as other loans like income and percent of down payment. The reason for the CRA wasn't because of these factors, it was because there were certain areas where banks just wouldn't write loans.