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To: LomanBill

How could someone’s bank fail in 2001 fro the “Sub-Prime Debacle” which wouldn’t occur until 2007-8?


34 posted on 03/01/2011 9:35:03 PM PST by REDWOOD99
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To: REDWOOD99
The Community Reinvestment Act went into effect in 1978, and was the Fed law used to go out on a limb. Penny's bank did it voluntarily, the Marxists don't have to be forced to steal other peoples money. They get ahead of the curve.
36 posted on 03/01/2011 9:47:42 PM PST by Navy Patriot (Sarah and the Conservatives will rock your world.)
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To: REDWOOD99
[How could someone’s bank fail in 2001 fro the “Sub-Prime Debacle” which wouldn’t occur until 2007-8?]

"Superior, co-owned by Pritzker family trusts, began focusing on subprime loans in 1993,"

Evidently growing ACORNs in a$$paper produces the same putrid fruit regardless of the vintage

37 posted on 03/01/2011 10:00:12 PM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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