Siete
Platinum Member
- May 19, 2014
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yes, but even with CRA would there have been an implosion with Glass Stegall? Imo, obviously not. And CRA did not require banks to issue subprime or ninja loans to people flipping property.That whole idea seems to have gone over the heads of many.....Unfair to banks, "discriminatory" to certain borrowers. As loans should be.
The banks were told to show "fair lending" practices and offer more loans to minorities.....
It was not the banks' fault that the minorities had lower incomes and lower credit ratings....that was/is a social issue. THAT issue should have first been addressed.
But any politician that brought that up was labeled a racist.
I put that child on ignore. Just wasn't worth the screen space on my monitor.Grow the fuck up anyway."If your black / white / yellow / tan / purple ass don't have a job and no assets or income, what the fuck make's you think you qualify as a home owner??"
BANKSTERS AND DUBYA AND HIS REGULATORS???
Bush's documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)
Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Invesntment banks capital requirements, Net Capital rule
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional 440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING
But the biggest policy was regulators not enforcing lending standards.
FACTS on Dubya s great recession US Message Board - Political Discussion Forum
Wake up and smell the coffee, that link is from another discussion here on USMB, get some fucking facts and grow the fuck up!!
a link can't be used in more than one thread on this board?
who knew?
btw, cussing like an aspiring 12 year old leaves you no room to tell ANYONE to grow up ... so, grow up little boy.
Damn Siete, every one thinks you need to grow the fuck up ..............Roflmfao
typical RW response ... I'm too old and senile to deal with it ... IGNORE!!
LOL