Posted on 02/07/2019 11:31:54 AM PST by SeekAndFind
Wasn’t a mistake last time. They got Obama elected as a result last time, remember?
Darn tootin !
Second act, same play — same actors. Those “actors” are looking at that “play” unfolding in Venezuela, with horrific human consequences; yet, they push on, because Progressive ideology imposes its ugly ideology which ignores the U. S. Declaration’s “Supreme Judge of the world” and the implications of that Declaration.
1) If you don’t give me a loan, you are a racist.
2) If you give me a loan which I can’t afford to pay back, you are a racist.
3) Just give me money and we’ll say we’re even. Until I come back next week.
Clinton
She and Franklin Raines stole tens of millions from Fannie Mae in the form of bonuses from their scam.
I hope this doesn’t affect those Montana Snow Banks.
I guess sometimes they give you a free cat when you open an account.
Just thaw him out a little.
Do they like give you kittens for interest.
“I’ve got all my snow in the First National Snow Bank. They’re paying three kittens per annum.”
We went through this once. It got Obama elected back in 2008.
Here we go again! Leftist Politicians creating yet Another economic crash
RE: Clinton
Yes. The Community Reinvestment Act (CRA) was the main culprit.
See here:
https://www.businessinsider.com/the-cra-debate-a-users-guide-2009-6
However, Clinton is simply one of the many people to blame. We have to go ALL THE WAY BACK to Jimmy Carter in 1977.
The CRA was not a static piece of legislation. It evolved over the years from a relatively hands-off law focused on process into one that focused on outcomes. Regulators, beginning in the mid-nineties, began to hold banks accountable in serious ways.
Banks responded to this new accountability by increasing the CRA loans they made, a move that entailed relaxing their lending standards.
I see little difference between what Maxine Water’s “Diversity Committee” is doing with what the CRA morphed into.
Yeah. Eugene Lawson, "the banker with a heart." Not all of Atlas Shrugged is coming true, of course. Just the bad parts.
At some point they’ll just outlaw credit scores as being RAAAAACIST altogether.
He bears some responsibility.
He spoke of the dangers but let it go with Water’s and Frank’s assurance
that there was nothing wrong with Freddie and Fannie.
He should have pushed harder.
.
When the Republicans have both houses of Congress and the White House, their inquiries are sneered at and their subpoenas used for toilet paper. But a brand new subcommittee with the Democrats controlling just the House is going to move the entire lending sector to follow its dictates and destroy the economy again.
Deja Vu
Exactly. CRA all over again.
Not this again! That is one of the drivers that caused the Bushobama recession.
Subprime lending? Housing bubble? How soon they forget! Oh wait... They didn’t actually forget. They know exactly what they are doing. I wish the major financial institutions would push back hard against this, but they won’t, because they know they’ll be okay. Auntie Maxine will see to that. You scratch my back I’ll scratch yours, right?
And now the Rats want to do it again.
I say let her do that and when the houses are forclosed call it reparations:-)
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