GOP’s latest ugly fable "Community Reinvestment Act" | Thread profile

GOP’s latest ugly fable "Community Reinvestment Act" If the economic situation weren’t so grim, it’d be darkly amusing watching conservatives hunting for a scapegoat other than Bush administration True Believers. Hey, they’re all Brownies now. Heckuva job. For a generation, devotees of the very bad novelist Ayn Rand have assured us that greed...

If the economic situation weren’t so grim, it’d be darkly amusing watching conservatives hunting for a scapegoat other than Bush administration True Believers. Hey, they’re all Brownies now. Heckuva job. For a generation, devotees of the very bad novelist Ayn Rand have assured us that greed is a virtue and government oversight of financial institutions an impediment to genius. In the “ownership ...

The social security act was passed way back in the 1930's and we are still dealing with the implications and effects from that act. Just because the seeds of destruction were planted many years ago, doesn't mean that continued legislation and poor oversight can't continue to bring unintended and negative consequences. Quote:...

Let's get real folks... To Rage and JW and everyone else who wants to post citing cherry-picked evidence and ideas in order to feel all "right" about everything. Now don't get me wrong I like you two but I'm gonna pick, on you both right now to make a point. I could join in on the "fun" and offer my own "basket of blame" as to why the ...

Well said Etmaus

Yes I whole heartedly agree I have been (and in some cases continue to be) guilty of the "one sided approach". Some times as a knee jerk reaction, sometimes to strike out in anger. I do believe however that my time here and interactions with people here (both good and bad, true and not true) has helped me see that for what it is. I am ...

Etmaus: I don't disagree with your analysis. There are many things that are interrelated that have led to our current financial situation. And I would further agree that simplistic answers don't begin to address the problem. There are a couple of problems that I see. 1. Everyone wants simplistic answers. Everyone would like ...

AIG Executives Scandal $500K Spa Resort Vacation Party http://www.youtube.com/watch?v=RoL2Q2KItV4 AIG and credit default swaps what is a credit default swap its a scam insurance company's who provide coverage need to have capitol on hand to cover loses but the way you get around that is you called it a credit default swap ...

Community Reinvestment Act Enforcement The CRA mandates that all banking institutions that receive FDIC insurance be evaluated by the relevant banking regulatory agencies to determine if the institution has met the credit needs of its entire community in a manner consistent with safe and sound operations.The CRA does not list specific ...

PUT ALL THE CEO'S IN PRISON IF IT WERE U OR I THAT IS WHERE WE WOULD BE