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


To: longnshort who wrote (567735)5/25/2010 10:55:19 PM
From: combjelly  Respond to of 1578288
 
"the criminals are Dodd and Frank which made bankers lower their standards for CRA and to stop red lining.If the banks didn't give out enough loans to the poor the dems would put the squeeze on them."

Even if that was true, and it isn't, the bulk of the bad loans were made by entities who were not covered by the CRA. The banks mainly got in trouble because they bought a lot of the mortgage backed securities those entities sold to get rid of the bad loans they were writing.