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

To: Tenchusatsu who wrote (472775)	4/17/2009 12:39:18 PM
From: SilentZ	Read Replies (4) \| Respond to of 1575614

>Of course it wasn't DESIGNED to encourage high-risk lending. That's why they call it an "unintended consequence." High-risk lending was not done because the government told the banks to loan to poor people. It was done because the banks needed more loans to securitize. -Z

To: Tenchusatsu who wrote (472775)	4/17/2009 5:00:57 PM
From: tejek	Read Replies (1) \| Respond to of 1575614

Of course it wasn't DESIGNED to encourage high-risk lending. That's why they call it an "unintended consequence." Once again, one half of the problem remains in power, and they are pushing solutions that will only repeat history. No matter how many facts you are given, you will refuse to accept that the CRA had nothing to do with it. AMIRITE?

To: Tenchusatsu who wrote (472775)	7/27/2010 5:45:47 PM
From: steve harris	Read Replies (1) \| Respond to of 1575614

Z, that's alarming. Not only are the usual suspects like Barney Frank issuing the same old denials, they are now pushing for an expansion of the very program that helped to exacerbate this crisis, if not cause it. Right out of the socialist playbook, throw more money at a problem.

To: Tenchusatsu who wrote (472775)	7/27/2010 6:56:58 PM
From: tejek	Read Replies (2) \| Respond to of 1575614

Yet the Fed’s research points to a different reality. “Our analysis of the data finds no evidence, in fact, that CRA lending is in any way responsible for the current crisis,” Fed board member Elizabeth Duke said in a speech before representatives of the banking industry last month. “The CRA is designed to promote lending in low- to moderate-income areas; it is not designed to encourage high-risk lending or poor underwriting.” Of course it wasn't DESIGNED to encourage high-risk lending. That's why they call it an "unintended consequence." Because you and Harris don't understand real estate, you have come to conclusions that only demonstrate your lack of understanding. And in your arrogance, denigrate people like Z and B. Frank unfairly.