Bank of America to pay $335M to settle Countrywide bias charges Read more: http://ww

[Mr.Nick]

You ever hear of the CRA????

It absolutely SHOULD be based on your credit rating ........ I could give a fuck less about race...

CRA was not about forcing anyone to give anyone loans.

It was about getting rid of the policy of "red-lining" neighborhoods. And it led to the rebuilding of many blighted areas.

And where did most of the high risk lendees live?...Oh yeah, the red-lined neighborhoods.

And little, if any, of the urban blight got rebuilt....The practice just pushed the high-riskers out into the 'burbs.

That's why they shut down the projects in Chicago..............

No need to really have public housing when banks can just foot the bill for your home or section 8 if you have 15 kids and cant work...

 

[Mr.Nick]

Here is who our taxes support...

Now they all have free homes...

[ame=http://www.youtube.com/watch?v=BdNASo4YP_E]RIP Cabrini-Green (Gangsta City)(Chicago, IL) - YouTube[/ame]