Posted on 09/30/2008 11:57:51 AM PDT by mnehring
McCain should be on this like a fly on a turd
It keeps getting better and better Ping.
Mnehrling,
Thank you very much for posting this information!
Best Regards,
Top sends
I know the CW is that the Republicans needed this bailout to make this “crisis” go away. Still, I have to wonder. Could it be that the longer we go without a “bailout” being passed the more the democrat complicity in causing this problem comes to the fore?
I know the CW is that the Republicans needed this bailout to make this “crisis” go away. Still, I have to wonder. Could it be that the longer we go without a “bailout” being passed the more the democrat complicity in causing this problem comes to the fore?
You have got to find a way to get this stuff you are digging up into the MCCain camp’s hands! It’s awesome!! Please put me on your ping list.
CRA is working extremely well. ACORN has fraud charges in 12 states already and with new funding could do much better /s
ACORN should not be part of any plan. With the droves of thugs they have today they have no financial problems and any poor they have helped in the past get houses are now losing them because ACORN didn’t put the poors needs over profit and corruption.
GAYDAR ALERT!
Barney Frank’s Fannie Friend.
(giggle)
Ping the Obama Action Wire Response Team-
Get this information out!
... or a turd sandwich perhaps?
Yum
The ‘Rats needed to forestall the crisis because they know that their fingerprints are all over the whole mess. Obama helped ACORN bully banks into giving loans to people who had no means to pay it back. ‘Rats ALWAYS seek a short term bandaid that does nothing except delay the inevitable for their personal gain. It is about their greed for personal power.
Well, well, well ...
George H.W. Bush signed the Financial Institutions Reform Recovery and Enforcement Act of 1989 (FIRREA) to help recover from the Savings and Loan Disaster.
Then Clinton added regulations to CRA that demanded even more low income loans and changed the requirements so they reflected race as well as neighborhood.
But the worst addition to CRA, in my opinion, was allowing "Community Groups", such as ACORN to collect fees for marketing loans to their clients. So the Community Groups demanded more loans for low income folks - received money for pushing them toward loans they couldn't really afford - and now blame government for their own irresponsible actions.
WASHINGTON---A contingent of House Democrats, led by House Financial Services Committee Ranking Member Rep. Barney Frank (D-MA), called on the Office of Thrift Supervision (OTS) to discontinue its efforts to weaken the Community Reinvestment Act (CRA).
The OTS announced in February its proposal to allow thrifts with $1 billion or more in assets be exempted from the investment and service tests under CRA.
The Community Reinvestment Act was enacted in 1977 to address redlining by requiring banks to make loans in neighborhoods where they collect deposits.
A copy of letter to the OTS is attached here.
btt
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