Quote:
Originally Posted by Freedom Fry
The CRA had little if anything to do with any of this, perhaps you should try taking some of your own advise and reading up. Mortgage companies, financed by Wall Street, who bought and sold their repackaged crap loans as AAA rated securites (Also another failure the rating system) were to blame.
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You my fiend are a
denier.
Community Reinvestment Act was the
little snowball propelled by Government Mandates (
do it or else rules!!!) that slowly made its way
down the mountain that turned into this
avalanche of Bank and Insurance company
bailouts, FNMAE
bailout, FMAC
bailout, car-company
bailouts, home-foreclosures, bankruptcies, unemployment and trillions in new debt, the debacle that we are dealing with now.
All brought to you by the..... Democrat Party (
DOPe),
Barney Frank,
Chris Dodd with idiot Republican complicity! Thank you very much!
One Party rule sucks!
Let's take Our Country back in 2010!