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 : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (121928)	1/18/2012 11:39:28 AM
From: TideGlider	3 Recommendations Respond to of 224729

You are in a Commie Coma! lol

To: Kenneth E. Phillipps who wrote (121928)	1/18/2012 11:54:39 AM
From: JakeStraw	6 Recommendations Read Replies (1) \| Respond to of 224729

LOL! Kenny Troll you really are a world class ignoramus..! Thanks to the democrats, who forced banks to make loans to unqualified applicants we had the housing crisis which created the financial meltdown. Best to get your facts straight Kenny and stop looking like a brain-dead partisan lemming.

To: Kenneth E. Phillipps who wrote (121928)	1/18/2012 12:02:08 PM
From: JakeStraw	4 Recommendations Read Replies (1) \| Respond to of 224729

Hell, Clinton started the ball rolling towards the housing/financial crisis - In 1995, the Clinton Administration changed the law governing GSEs’ mission — the Community Reinvestment Act (CRA) — to encourage more lending in poor neighborhoods. Previously, the CRA directed government to monitor banks’ lending practices to make sure they did not violate fair lending rules in poor neighborhoods. With the 1995 change, the government published each bank’s lending activity and started giving bank ratings based primarily upon the amount of lending it performed in poor neighborhoods. These changes empowered community organizations, such as ACORN, to pressure banks to increase lending activities in poorer neighborhoods — which involved reducing mortgage loan standards — or face backlash from those organizations’ private and political associates. For instance, if Chase made 100 mortgages in a poor Chicago district, and Countrywide 150, the government would likely give Chase a lower CRA rating, and community organizers could pressure politicians to make it more difficult for Chase to get licensed to do full ranges of business in new areas of the country. Low CRA ratings could also disadvantage Chase with regard to government lending programs and make it more difficult for Chase to participate in mergers and acquisitions. tjhancock.wordpress.com

To: Kenneth E. Phillipps who wrote (121928)	1/18/2012 12:19:20 PM
From: TideGlider	6 Recommendations Respond to of 224729

You have to realize you made a mistake by being led by the great news makers and elected a totally unqualified and troubled man to the highest office in the land. Now you want to ignore all the bad he has done and continue to support him. Pretending something is good when it is not does not change the character of subject, it just demonstrates your willingness to pretend at your peril and that of others.