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Media Matters was wrong on every point as proven by moderate and left wing sources. Don't change the subject because you were had.
By the way Google the Community reinvestment Act . Government forcing banks to offer sub-prime loans started this ball rolling.
From the March 25 edition of Fox News' Hannity:
HANNITY: I want to get into, and I think all of the media is ignoring this, and the fact that he got a pass last night during this press conference is very, very troubling to me, and very specifically, I think this moves America down the road to socialism, the biggest power grab.
They have asked for, in just the last week, the Obama administration, the right to limit executive pay even for companies that are not getting a bailout. They saw it yesterday. We saw in the -- I believe it was The Washington Post -- they're actually seeking the right to seize firms. They want to use the reconciliation process to pass their health care bill, and cap and trade, which would eliminate the need for Republican votes in the historical sense, and even some Democrats are opposing.
I used the BOLD ATTRIBUTE to a blatent lie by FAUX NEWS. Obama and his administration never said this. You see, FAUX NEWS has an audience of a lot of low information type folks.
Now how is Oversight deemed as Dictatorship. The market with it's anything goes policies for years is the big reason for this melt down. Regulation is hardly Dictatorship.
That would depend on who is doing the oversight and what the rules of engagement are. Dodd and Frank were the oversight and look at the mess we are in today.. No it isn't all their fault but they certainly owner a good measure of it.
Asking a congress/senate that can't seem to add 2+2 and get the same number twice to be the oversight is a bit scarey for me. No to mention what motivates those who are doing the over sight. Right now the best interests of the country is kind of low on the priority list compared to getting as much pork passed as possible. Add to this its almost a gala of payback in DC.
So no I don't trust our elected reps to do anything put add to their power.
From the March 25 edition of Fox News' Hannity:
HANNITY: I want to get into, and I think all of the media is ignoring this, and the fact that he got a pass last night during this press conference is very, very troubling to me, and very specifically, I think this moves America down the road to socialism, the biggest power grab.
They have asked for, in just the last week, the Obama administration, the right to limit executive pay even for companies that are not getting a bailout. They saw it yesterday. We saw in the -- I believe it was The Washington Post -- they're actually seeking the right to seize firms. They want to use the reconciliation process to pass their health care bill, and cap and trade, which would eliminate the need for Republican votes in the historical sense, and even some Democrats are opposing.
I used the BOLD ATTRIBUTE to a blatent lie by FAUX NEWS. Obama and his administration never said this. You see, FAUX NEWS has an audience of a lot of low information type folks.
I am not sure how to respond. The NY Times printed the exact same thing Hannity said, I posted the link. I am not sure how much more wrong you can be.
As for the second issue with healthcare and cap and trade etc. the White House has threatened to present the bill in such a way that the filibuster could not be used thus they would not need any Republicans.
It is scary that in the face of facts some people refuse to see what is going on. It is not even like the are trying to hide it. I guess they are counting on people like you.
As for the second issue with healthcare and cap and trade etc. the White House has threatened to present the bill in such a way that the filibuster could not be used thus they would not need any Republicans.
It is scary that in the face of facts some people refuse to see what is going on. It is not even like the are trying to hide it. I guess they are counting on people like you.
I agree wake up the republican party only cares about big business, we should make the the miority party fo atleast 12 years...maybe they'llstop playing their political games by then.
Quote:
Originally Posted by shorebaby
I thought you would have learned to do your research Google Community Reinvestment Act.
I agree wake up the republican party only cares about big business, we should make the the miority party fo atleast 12 years...maybe they'llstop playing their political games by then.
Oh, God... no bank has EVER been FORCED to make a risky loan!!!!
Banks and bankers know EXACTLY what they're doing.
Is that the case? You should perhaps read up on the hundreds of lawsuits filed by ACORN using fears of racism to force banks into making subprime loans. Matter of fact, Barack Obama himself sued CITIBANK while working as a community organizer under the camoflauge of racism:
Buycks-Roberson v. Citibank Fed. Sav. Bank Fair Housing/Lending/Insurance
Docket / Court 94 C 4094 ( N.D. Ill. ) FH-IL-0011
State/Territory Illinois
Case Summary
Plaintiffs filed their class action lawsuit on July 6, 1994, alleging that Citibank had engaged in redlining practices in the Chicago metropolitan area in violation of the Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691; the Fair Housing Act, 42 U.S.C. 3601-3619; the Thirteenth Amendment to the U.S. Constitution; and 42 U.S.C. 1981, 1982. Plaintiffs alleged that the Defendant-bank rejected loan applications of minority applicants while approving loan applications filed by white applicants with similar financial characteristics and credit histories. Plaintiffs sought injunctiverelief, actual damages, and punitive damages.
U.S. District Court Judge Ruben Castillo certified the Plaintiffs’ suit as a class action on June 30, 1995. Buycks-Roberson v. Citibank Fed. Sav. Bank, 162 F.R.D. 322 (N.D. Ill. 1995). Also on June 30, Judge Castillo granted Plaintiffs’ motion to compel discovery of a sample of Defendant-bank’s loan application files. Buycks-Roberson v. Citibank Fed. Sav. Bank, 162 F.R.D. 338 (N.D. Ill. 1995).
The parties voluntarily dismissed the case on May 12, 1998, pursuant to a settlement agreement.
Plaintiff’s Lawyers Alexis, Hilary I. (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Childers, Michael Allen (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Clayton, Fay (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Cummings, Jeffrey Irvine (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Love, Sara Norris (Virginia)
FH-IL-0011-9000
Miner, Judson Hirsch (Illinois)
FH-IL-0011-7500 | FH-IL-0011-9000 Obama, Barack H. (Illinois)
FH-IL-0011-7500 | FH-IL-0011-7501 | FH-IL-0011-9000
Wickert, John Henry (Illinois)
FH-IL-0011-9000
Your basing your facts on Wikipedia, my you are delusional...
Ha ha ha, this from the person who posted the original link which has been completely discredited.
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