Nail in the coffin?

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Subject: is pretty weak spin Sun Jun 27, 2010 2:45 pm

PRO For a dipshit you do make a valid point on the freemarket verbiage I used.
I stand corrected and will say less regulated and more regulated.

I called B.S. and will continue to do so look at the numbers of what those banks and institutions regulated by the CRA vs those not regulated by the CRA in relationships to the subprime loan market. It's 3 to 1 for the non regulated entities. So if these banks were not legally bound to make these subprime loans then why did they do it???....$$$$$$$$$$. These are less regulated non FDIC entities that are being subsidized by F and F to ensure profit with very little exposure.

The CRA was set up 33 fricken years ago make sure the banks didn't just take from their neighborhoods they actually gave back via loans... Where it went from there was an abomination constructed by geniuses in both parties. Add to this the loophole that those looking always find and you get what the private institutions did to the system.
Don't blame the girl that got raped ( CRA ) blame the freaking rapists ( Non FDIC Regulated institutions )

Our interpretations of this cluster will continue to differ... To give the profit taking entities a free ride while dumping the blame on F and F is pretty weak..

Hey I missed ya yesterday hopefully all is good PM me if ya need anything

Subject: Re: Nail in the coffin? Sun Jun 27, 2010 8:18 pm

Thanks Pete, great info to think about Very Happy

Subject: Re: Nail in the coffin? Mon Jun 28, 2010 1:19 am

voiceofreason wrote:: I called B.S. and will continue to do so look at the numbers of what those banks and institutions regulated by the CRA vs those not regulated by the CRA in relationships to the subprime loan market. It's 3 to 1 for the non regulated entities. So if these banks were not legally bound to make these subprime loans then why did they do it???....$$$$$$$$$$. These are less regulated non FDIC entities that are being subsidized by F and F to ensure profit with very little exposure. None, I repeat, none of the entities involved in the housing boom/bust were "non regulated". The lenders were pressured by the government and racial parasites like Rev Jackson and Al Sharpton to make these loans. Fannie/Freddie (GSEs) were given special privileges that allowed them to buy the toxic loans, bundle them together with AAA ratings from the government entity set up to 'protect' investors, and dump them on the likes of Goldman Sachs/Bears Stern/Lehman Brothers. These financial entities were assured BEFORE they purchased these bundles that the government would bail them out if things ever went south. While these shady practices can NOT be excused in totality by the parasite 'private' entities, neither can the government itself and its regulations be excused wither. This was not a free market failure. Instead it is an example of why government intrusion in the economic realm is DUMB and will fail EVERY TIME.

The CRA was set up 33 fricken years ago make sure the banks didn't just take from their neighborhoods they actually gave back via loans... Where it went from there was an abomination constructed by geniuses in both parties. Add to this the loophole that those looking always find and you get what the private institutions did to the system. The CRA was sold as such a 'noble' purpose, but just as 99.99% of all Acts passed by Congress and signed by progressive pinheads like Carter, the intentional and unintentional effects never came close to accomplishing the stated goal(s). Who do you think came up with the concept of the CRA and who do you think wrote it? The very entities that it was supposedly going to be 'reigned' in by it. Just as cap and trade is endorsed by the likes of BP, hell they have written most of it! Most regulations, if not all, are pushed/supported by large special interests, as they ALWAYS benefit a few connected entities and hurt the little guy, yet do-gooder progressives keep calling for more regulations. Have you ever stopped to wonder why Goldman Sachs fully endorses the new financial regulations being pushed through Congress right now?
Don't blame the girl that got raped ( CRA ) blame the freaking rapists ( Non FDIC Regulated institutions ) The rapists made rape 'legal'/condoned via the CRA that the DEMOCRATS passed/signed in 1977.

Our interpretations of this cluster will continue to differ... To give the profit taking entities a free ride while dumping the blame on F and F is pretty weak.. I have NEVER given the crony capitalists a 'free ride', I just simply refuse to allow the blame to placed on the free market when it was cut out of the picture from day one.

Hey I missed ya yesterday hopefully all is good PM me if ya need anything All is good, just had a few issues this week that left me uncomfortable straying to far from home. But thanks!

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