Obama Reviving the Community Reinvestment Act

Discussion in 'Economy' started by GHook93, Jan 3, 2012.

  1. GHook93
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    GHook93 Aristotle

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    Is he clueless or just retarded. The MAIN culprit of the mortgage meltdown was Clinton's (with Dodds and Franks help) revival of the community investment act. It required banks to lend a certain percent off their portfolio to lower income people. It forced the banks hand and forced them into the 100% finance and stated income programs.

    You would think this fool would learn from recent history, but then again he is a fool.

     
  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Obama needs one more term to "Finish the job"

    Frightening. Absolutely frightening
     
  3. Stephanie
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    Stephanie Diamond Member Supporting Member

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    well he PROMISED to TRANSFORM America..too bad most people weren't listening when he said this.
     
  4. GHook93
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    GHook93 Aristotle

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    Transforming the country? :confused: This is continuing a policy that caused the meltdown. That is doing some of the same!
     
  5. gallantwarrior
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    gallantwarrior Gold Member

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    Insanity: doing the same thing over and over again and expecting different results.
    Albert Einstein
     
  6. CrusaderFrank
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    CrusaderFrank Diamond Member

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    When he talked about "Change" he never meant for the better
     
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  7. gallantwarrior
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    gallantwarrior Gold Member

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    When Obama talks about creating jobs, he never mentions that they will be created in Mexico and China, either. So does that mean he's not a stone-cold liar?
     
  8. DSGE
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    DSGE VIP Member

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    It's not the policy that caused the meltdown. [​IMG]

    The meltdown was caused by new and exotic credit instruments.
     
  9. gallantwarrior
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    gallantwarrior Gold Member

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    Well, that and a bunch of crooks who played the system and bled it dry.
     
  10. Zoom-boing
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    Zoom-boing Gold Member

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    Yes, yes he is. . . . they all are (Obobble, Shrub, Willy).

    A downpayment to buy a home, a steady job to get a home loan, if you're a higher risk you pay a higher rate . . . how the hell is this discrimination? It's common sense!

    Please, please can we take them out back and shoot them with a bb gun? Pretty please? :eusa_pray:

    ^ ^ ^ (quick, report me!)
     

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