Good Bank! Fed Pressuring It To Make Risky Loans Now!

Discussion in 'Current Events' started by Annie, Mar 20, 2009.

  1. Annie
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    Annie Diamond Member

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    Yes, for those who said the government didn't 'pressure' banks into making the risky loans, they are still doing it:

    Yes, the Community Reinvestment Act Really Did Help Cause the Housing Crisis - Capital Commerce (usnews.com)

     
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  2. driveby
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    driveby Gold Member

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    Not true, it was the evil banks with their predatory lending ....... :rolleyes:
     
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  3. Annie
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    Annie Diamond Member

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    :lol:
     
  4. garyd
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    garyd Senior Member

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    Been saying it for a while now.. Thanks dor further proof that I was correct.
     
  5. WillowTree
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    WillowTree Diamond Member

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    What makes you think the DUmb DUmbs will listen now?
     
  6. xsited1
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    xsited1 Agent P

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    I saw this. They've been doing this for decades. The government bullies banks to give bad loans. So who's really to blame for this economic mess?
     
  7. KittenKoder
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    KittenKoder Senior Member

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    Again I say ... did the government also put guns to the heads of the citizens and force them to take the loans?

    Really, who is to blame ...
     
  8. xsited1
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    xsited1 Agent P

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    We're talking about bad loans here. The people who get them only care about living in a nice big house. Paying off the loan is the farthest thing from their mind. The market has a built-in fail-safe to handle this: companies that give out bad loans go out of business. Unfortunately, the government has short-circuited the fail-safe. Therefore, the government is to blame.
     
  9. KittenKoder
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    KittenKoder Senior Member

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    Oh ... so Americans are stupid and short sighted now ... I get it.
     
  10. Said1
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    Said1 VIP Member

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    I thought it was more like brokers, borrowing from banks and giving bad subprime loans, then selling them packaged into MBS? It's all so confusing, I can't find the ball anywhere.
     

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