[FoxInSocks]

Call me crazy, but didn’t banks have all these guidelines in place before the creation of this useless new federal agency? Didn’t the Community Reinvestment Act remove these guidelines?

[Menehune56]

Call me crazy, but didn’t banks have all these guidelines in place before the creation of this useless new federal agency? Didn’t the Community Reinvestment Act remove these guidelines?

Rush just commented about this on his show today. He pointed out that the leftists claim these guidelines back before the CRA were called "redlining" and used by evil bankers to deny minorities mortgages just because their ability to repay was questionable. We've come full circle.

[Pecos]

Yes, and Yes. Banks were told that using a person’s income to determine his ability to re-pay the loan was considered racist.

[skinkinthegrass]

LL!
sorry for the LOL; the CRA, was not developed/used to it's purported title.
Cloward-Piven Government
http://www.freerepublic.com/focus/f-news/2392458/posts

The Cloward-Piven Strategy, Saul Alinsky, and Their Influence on Obama
http://www.freerepublic.com/focus/f-bloggers/2756319/posts

It was used to Destroy the Integrity of the National Banking System and confidence of it's citizens.
It was used to "overload" the Socialist Welfare system. It was never never meant to Help the populace...
it was formulated to destroy (the present) civil order and replace it w/ a Fabian Socialist Society...
Which can't / won't work; we tried that in the early 1600s in New England, it failed....very badly.