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To: nyconse

Read the article I linked. Redlining was addressed with the CRA. The 1992 bill set mandated numbers. And it set Penalties - fines. I have read most of that entire bill, the 1992 one, as well as the CRA I know what’s in them. The article I linked is heavily referenced/sourced as well.

I am sorry, your argument is false.


57 posted on 03/31/2009 9:15:23 AM PDT by Danae (Amerikan Unity My Ass)
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To: Danae

If your argument is that the sub-prime loans brought down the entire economy...and the Wall Street banks were forced to make these loans, ...I will have to stop typing because I would be laughing too hard...they made billions at this...no one had to forced them. In fact sub-prime credit cards are still the most profitable credit card out there...lots of money in sub-prime and had they not diced these thing up and sold insurance on them, it would have alright in the end. These people are scum...but I am probably being unfair to scum.


74 posted on 03/31/2009 3:51:30 PM PDT by nyconse (When you buy something, make an investment in your country. Buy American or bye bye America)
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