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You're a fucking moron and a racist piece of shit.
Come on and tell me again how the CRA caused the problem, since every fact shows that you don't know your ass from a hole in the ground. One more time, asshole:
56% of the foreclosures were white. CRA mortgages were almost half as likely to result in foreclosure than those originated by independent mortgage companies. CRA institutions only accounted for 6% of subprime loans, the majority of which were refinancing and home equity loans.
Those aren't Mother Jones talking points idiot, those are facts. Now go crawl back under your rock and try to keep your sheet outfit clean.
Obviously you cant read, your article states the regulations from the states were superceded by the federal governemtn and they wanted LESS regulation on these loans. And the one I posted said vitually the same thing and Andre Cuomo spelled it out for you.
EVERYONE Said these were RISKY loans.....THIS IS NOT NEW......AND the loans and the "settlements" with the banks to force them to loan to people who couldnt pay, BACKFIRED....OBAMA said they were risky when he was with ACORN, WTF DO YOU WANT????? BANKS were not lending to these people because they couldnt pay, a forclosure SUCKS for a bank, THEY do not want that to happen..... And if the loans were so predatory, WHY DID Fanny and Freddie pick them up????? My God man, you need to get off you racist, Bush did it talking points....I'm not racist and Bush did not do it...The policy was started by Clinton with Cuomo and Bush continued it....
It's not just the CRA...in fact i've talked very little about the CRA, check my posts, it's they relaxed regulation (normally I'm all for it) but in this case it meant they forced banks (SETTLEMENT is where they accused the banks of being RACIST and forced them to loan to people who couldnt pay, and yes that includes whites, asians, white-hispanics, not just blacks, BU The policy was designed to increase minority home ownership, a worthy goal, but you CAN NOT FORCE THAT FROM A CENTRAL COMMITTEE TYPE OF STRUCTURE, which they tried to do and found out, the people who couldnt pay before, still couldnt pay. WATCH THE VIDEO. COMMENT ON THE VIDEO OR YOUR PAPER, ALL YOU DO IS GIVE ME 6%, I could give a rats ass about that. The CRA was changed and then regulation was eased to allow this, I've said it a million different ways.
"It's not just the CRA"? Are you a total retard, as well as being a racist scumbag? CRA lending was shown to be twice as safe as independent mortgage originators. Why not put them up as an example of how to do things right, rather than making your racist lying claim that they were part of the cause?
No dude, you either can't read the simple facts, or are such a racist piece of pond scum that you'll lie to accuse CRA as being the primary cause of our meltdown, when the exact opposite is true. Invite me to your next cross burning, so I can piss on it.
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The meltdown was decades in the making, it was cultural in its DNA, and simplistically blaming the banks for it is shallow thinking at best, intellectually dishonest at worst. I can't believe that people actually let themselves believe this crap. This was/is the inevitable result of narcissistic hyper-consumerism and a culture rotting at its core.
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Bullshytte- Booosh regulators looking the other way and letting AIG, Countrywide, etc etc etc run wild.
Pub cronyism and corruption epitomized.
I call Shenanigans. Please provide proof that increasing Subprime Auto Loans is loosening up credit to more historic levels...and no fair including only the 2000s.
You can call it whatever you want. If GM loses money for easing credit, that's their problem. They're still selling quite a few cars.
Wrong-o, boy-o.
GM still owes taxpayers TARP repayments, and we are also on the hook for GM stock. For taxpayers to breakeven, the price would have to be $53/share; it's currently less than $20. And then there is the little bit about the Obama administration allowing GM to keep $45B in tax loss carry forwards, which would have been lost in a bankruptcy proceeding. This means GM will be able to avoid taxes by using these write-offs. We'll be paying and paying and paying for GM for years - so their subprime loans are our problem.
Volt sales rebounding from all the BULLSHYTTE attacks from the BULLSHYTTE Pub propaganda machine, a total disgrace, dupes.
Why is the federal government in the electric car business ?
Because it's our strategic and national interest to reduce our dependence on oil.
You're a fucking moron and a racist piece of shit.
Come on and tell me again how the CRA caused the problem, since every fact shows that you don't know your ass from a hole in the ground. One more time, asshole:
56% of the foreclosures were white. CRA mortgages were almost half as likely to result in foreclosure than those originated by independent mortgage companies. CRA institutions only accounted for 6% of subprime loans, the majority of which were refinancing and home equity loans.
Those aren't Mother Jones talking points idiot, those are facts. Now go crawl back under your rock and try to keep your sheet outfit clean.
Obviously you cant read, your article states the regulations from the states were superceded by the federal governemtn and they wanted LESS regulation on these loans. And the one I posted said vitually the same thing and Andre Cuomo spelled it out for you.
EVERYONE Said these were RISKY loans.....THIS IS NOT NEW......AND the loans and the "settlements" with the banks to force them to loan to people who couldnt pay, BACKFIRED....OBAMA said they were risky when he was with ACORN, WTF DO YOU WANT????? BANKS were not lending to these people because they couldnt pay, a forclosure SUCKS for a bank, THEY do not want that to happen..... And if the loans were so predatory, WHY DID Fanny and Freddie pick them up????? My God man, you need to get off you racist, Bush did it talking points....I'm not racist and Bush did not do it...The policy was started by Clinton with Cuomo and Bush continued it....
It's not just the CRA...in fact i've talked very little about the CRA, check my posts, it's they relaxed regulation (normally I'm all for it) but in this case it meant they forced banks (SETTLEMENT is where they accused the banks of being RACIST and forced them to loan to people who couldnt pay, and yes that includes whites, asians, white-hispanics, not just blacks, BU The policy was designed to increase minority home ownership, a worthy goal, but you CAN NOT FORCE THAT FROM A CENTRAL COMMITTEE TYPE OF STRUCTURE, which they tried to do and found out, the people who couldnt pay before, still couldnt pay. WATCH THE VIDEO. COMMENT ON THE VIDEO OR YOUR PAPER, ALL YOU DO IS GIVE ME 6%, I could give a rats ass about that. The CRA was changed and then regulation was eased to allow this, I've said it a million different ways.
"It's not just the CRA"? Are you a total retard, as well as being a racist scumbag? CRA lending was shown to be twice as safe as independent mortgage originators. Why not put them up as an example of how to do things right, rather than making your racist lying claim that they were part of the cause?
No dude, you either can't read the simple facts, or are such a racist piece of pond scum that you'll lie to accuse CRA as being the primary cause of our meltdown, when the exact opposite is true. Invite me to your next cross burning, so I can piss on it.
The first thing to solving problems is to RECOGNIZE you have them, until you and your leftwing nuts do this, then blacks will continue to grow up in areas like Detroit, cant blame republicans or conservatives for the inner cities, we dont get elected there.
Why is the federal government in the electric car business ?
Because it's our strategic and national interest to reduce our dependence on oil.
That is simply stupid.
It shows no understanding of how the market dynamics in this country work.
Natural Gas is very cheap. We are swimming in it. Where are the LNG cars ?
Obviously you cant read, your article states the regulations from the states were superceded by the federal governemtn and they wanted LESS regulation on these loans. And the one I posted said vitually the same thing and Andre Cuomo spelled it out for you.
EVERYONE Said these were RISKY loans.....THIS IS NOT NEW......AND the loans and the "settlements" with the banks to force them to loan to people who couldnt pay, BACKFIRED....OBAMA said they were risky when he was with ACORN, WTF DO YOU WANT????? BANKS were not lending to these people because they couldnt pay, a forclosure SUCKS for a bank, THEY do not want that to happen..... And if the loans were so predatory, WHY DID Fanny and Freddie pick them up????? My God man, you need to get off you racist, Bush did it talking points....I'm not racist and Bush did not do it...The policy was started by Clinton with Cuomo and Bush continued it....
In the U.S. today, a group of Baptists believe the United States was formed as a Christian nation by the Founding Fathers.[8] They assert that the term "separation of church and state" in no way limits religion in the state, but merely refers to the state's responsibility to refrain from exerting authority over ecclesial bodies.
It's not just the CRA...in fact i've talked very little about the CRA, check my posts, it's they relaxed regulation (normally I'm all for it) but in this case it meant they forced banks (SETTLEMENT is where they accused the banks of being RACIST and forced them to loan to people who couldnt pay, and yes that includes whites, asians, white-hispanics, not just blacks, BU The policy was designed to increase minority home ownership, a worthy goal, but you CAN NOT FORCE THAT FROM A CENTRAL COMMITTEE TYPE OF STRUCTURE, which they tried to do and found out, the people who couldnt pay before, still couldnt pay. WATCH THE VIDEO. COMMENT ON THE VIDEO OR YOUR PAPER, ALL YOU DO IS GIVE ME 6%, I could give a rats ass about that. The CRA was changed and then regulation was eased to allow this, I've said it a million different ways.
"It's not just the CRA"? Are you a total retard, as well as being a racist scumbag? CRA lending was shown to be twice as safe as independent mortgage originators. Why not put them up as an example of how to do things right, rather than making your racist lying claim that they were part of the cause?
No dude, you either can't read the simple facts, or are such a racist piece of pond scum that you'll lie to accuse CRA as being the primary cause of our meltdown, when the exact opposite is true. Invite me to your next cross burning, so I can piss on it.
Not all of them are racist,it's just easier to believe the right wing spin that it is the poor black man's fault than their rich white heros on TV, nevermind the fact that Republicans are blaming something that happened under Clinton but had control of the White House,Congress and Supreme Court for 6 years(from 2001-2007) and did nothing. But Obama owns this economy because Democrats had control for 2 years.
