Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Its not silly. The CRA wasn't really enforced until Mr. Janet Reno took over.
Then it wasn't quite so cheap to keep a house, and these losers defaulted.
Now the 94% of us who are current are paying for the 6% of you (who should lose your houses)
What do you want to happen? Our economy to go back 100 years so you can stick to your ideology? This recession is hurting everyone and if its not fixed we can all go down with it. You guys have no solutions that aren't failed policy, just complaints that we have a president that doesn't share your views.
The CRA under that bumbling fool Carter started it all, then the democrats continued to protect Fannie and Freddie from the regulation Bush tried to implement.
Just the facts.
So now we're getting somewhere. we're now back to the 'Carter years' which means he is the real reason the stock market was the worst in January 2009. I knew this person would eventually get around to letting everyone out here know who to really blame for this. so, it's not President Obama's fault at all, it's President Carter's fault. we won't blame anyone else from 1932 to date except him. OOOOOoooohhhhhh thank you sooooooooooo much! OP is TOO FUNNY! and smart too!
...a lot of really stupid comments but the above certainly stand above the rest (at least for today).
The CRA, in no way, shape or form, created sub-prime mortgages.
It absolutely did. It is the CRA that demanded that banks make loans to people who otherwise did not qualify (could not pay them back, didn't have sufficient incom, etc.)
Quote:
Originally Posted by ovcatto
To argue something such demonstrates, for all to see, that you have absolutely no clue as to what you are writing about.
No, you have no clue. Do the research. Google it. Learn. And Obama, working for ACORN, was one of the "community organizers" going around and threatening banks to force them to make these risky loans.
Sorry, you lose. You don't know what your talking about. This has been fully covered elsewhere, and is factually accurate. Look it up. Google it. Learn.
It absolutely did. It is the CRA that demanded that banks make loans to people who otherwise did not qualify (could not pay them back, didn't have sufficient incom, etc.)
No, you have no clue. Do the research. Google it. Learn. And Obama, working for ACORN, was one of the "community organizers" going around and threatening banks to force them to make these risky loans.
Sorry, you lose. You don't know what your talking about. This has been fully covered elsewhere, and is factually accurate. Look it up. Google it. Learn.
You are right, of course. Not that it will matter. I doubt any of these lefties even know what the CRA is and the damage it has caused. It is THE underlying basis for the crisis we are in know.
Yeah, and people who have 401K's are having theirs liquidated for them, they don't have to do anything but sit back and watch it fade away. people who've invested in 401K's and their investors put the money in stocks, was and always was high risk. take for instance the S&L scandal of the 80's, my spouse lost 50% of her 401K because the administrator invested her $$$ in the wrong places. money down the tubes. my advice? put your $$$ under your pillow, it's much safer there. it won't get you any interest, but at least you'll have it in your sock, and not someone else's pocket, when things come crashing in.
You couldn't care less that people are losing their entire retirement, huh?
Well, they shouldn't be. Investing in America has always been a good thing. But because of these damn liberals people are losing their shirts.
Moderator cut: no threats!
Last edited by katzenfreund; 02-22-2009 at 05:54 PM..
Community Reinvestment Act - Wikipedia, the free encyclopedia
WHY IS OP A LIE? BECAUSE OP IS INTERPRETING IT IN THE WRONG WAY.
The CRA never told investment bankers, brokers to make home loans to people who could not provide proof of income! they took that chance themselves.
Last edited by highdesertmutz; 02-22-2009 at 05:29 PM..
You couldn't care less that people are losing their entire retirement, huh?
I never said that. where in the hell in my post did I say that? stop posting lies about what I have posted.
Quote:
Originally Posted by nononsenseguy
Well, they shouldn't be. Investing in America has always been a good thing. But because of these damn liberals people are losing their shirts.
Moderator cut: no threats!
you can keep the NRA, it isn't part of this topic to start with. and, liberals losing their shirts? well, I know of at least 2 republican neighbors near me, who are losing big time. like I said, put your money under your pillow, and do not trust 401K administrators or investors who put your money into stocks. that was the jist of my post, which you've twisted into another meaning. I don't mind a good argument, but don't post lies about my previous posts.
Last edited by katzenfreund; 02-22-2009 at 05:57 PM..
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
OP is TOO FUNNY! and smart too!
op is a lie
