8537
VIP Member
No, it was created to liquidate real estate holdings of S&Ls and other banks that had invested too heavily in real estate, a problem then and now.
And why did they end up over-invested? See my comments above.
not only have I provided the exact data and the exact place to find said data, I've also explained the data.
You, on the other hand, continue to defend a lie and claim that the 120,000 is not a net figure. Perhaps you could provide a cite for that, or wear your crown as the "most ill-informed, ignorant SOB on the board."
And obviously foreclosing on people did not make every city look like Detroit. that's mainly because not every city is run by left-leaning Democratic blacks.
If you talk to a racist long enough, the racist will expose his stripes. Color me surprised.
They over-invested because that is what banks do. The first banking panics occurred for that very reason. This isn't anything new, nor is is dependent on any legislation.
So when the regulatory structure that limited their investments was removed, they over-invested. If you had any clue what you were talking about, you'd know that I've already addressed that. But you don't.
You failed to make your case. Give it up.
It isn't racist to point out that Detroit has been run by liberal Democratic blacks for over 30 years. And during that time it went from a premier city to a hell hole. Same with Memphis. Which part of that is wrong?
The part where you think that the race of the person is relevant. That's what makes you the admitted racist piece of shit you are.