http://www.forbes.com/2008/07/18/fannie-freddie-regulation-oped-cx_yb_0718brook.html
Quote
The CRA forces banks to make loans in poor communities, loans that banks may otherwise reject as financially unsound.
Topic: When? - page 2. (Read 1871 times)
And then you have the anal retentive bungholes that just come back with capitalism. Well shithead, capitalism is what really ruined the US.
How can such a country with all it's power, technology and resources be kicking families out of their homes because the banks were highly un-regulated and given bad loans?
The banks were forced by the government to give loans to those who did not really qualify. But if you want to blame the banks, feel free. The owners of the banks will appreciate that I'm sure. You know those owners, right? They are the working class families you claim to want to protect. They hold ownership of these banks through shares in pension funds.
The banks were NOT forced to do predatory lending and sell adjustable rate mortgages to people who didn't understand what an adjustable rate was. There was a reason why the Dodd-Frank Act was created, it was due to the predatory tactics used by banks after the 2008 fiasco.
And then you have the anal retentive bungholes that just come back with capitalism. Well shithead, capitalism is what really ruined the US.
How can such a country with all it's power, technology and resources be kicking families out of their homes because the banks were highly un-regulated and given bad loans?
The banks were forced by the government to give loans to those who did not really qualify. But if you want to blame the banks, feel free. The owners of the banks will appreciate that I'm sure. You know those owners, right? They are the working class families you claim to want to protect. They hold ownership of these banks through shares in pension funds.
That's the question. WHEN will is rise up. Some say never again. Some say because of the corporate greed and law makers this will just be another way for the rich to get richer. The bigger the gap between the rich and the poor opens up the higher it will be for an uprising and revolution. Haven't us humans learned from our past? And then you have the anal retentive bungholes that just come back with capitalism. Well shithead, capitalism is what really ruined the US. How can such a country with all it's power, technology and resources be kicking families out of their homes because the banks were highly un-regulated and given bad loans? It is only a matter of time. Happened to the Egyptians, happened to the Romans, and it will happen to us. Power and money may help keep the rich's hands clean for a little longer, but hope has a motivation factor that money just can't compete with.
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