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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (127129)	4/17/2011 12:16:42 AM
From: Nadine Carroll	1 Recommendation Read Replies (1) \| Respond to of 132070

if there is no credit bubble, there is none of this nonsense. the banks wanted the bubble and CRA helped them blow it. it is an effect, not a cause. if you think a bunch of poor people can force the wall street banks into doing something they don't want to do then you haven't been paying attention. It's the dance of the elephants, skeets. The banks didn't want Congress telling them who to make loans to. But if Congress was bound and determined to do so, the banks were strong enough to make sure that Uncle Sugar would backstop them.