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6%  
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Keyword: charleshagel

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  • The CRA and Key Players

    09/27/2008 10:08:08 AM PDT · by hiredhand · 54 replies · 3,831+ views
    Various ^ | 27 Sep 2008 | Self
    The Subprime home mortgage collapse...a Primer. It's ALL about the CRA of 1977 Community Reinvestment Act (CRA) of 1977 - This required banks to offer credit throughout their entire market area for “underserved” populations and small businesses. The CRA gave incentives to help low income borrowers become “home owners”. Liberals call this group “low income borrowers”. Conservatives call them a RISK!The CRA was passed by the Carter administration. In 1995 the Clinton administration authorized subprime loans under the CRA. Democrats added these provisions for the securitization of subprime loans and then ENFORCED the lending to high risk individuals. By 2000,...
  • Pax Americana!

    03/12/2003 7:41:50 AM PST · by az4vlad · 17 replies · 273+ views
    IntellectualConservative.com ^ | March 11, 2003 | Brian S. Wise
    If America is the greatest nation on Earth, what's so wrong with saying so?Circumstance recently commanded the need for a taxi, my destination triggering in the driver the sort of incoherent recollections one normally expects from a great-grandfather who’s no longer allowed to touch the remote control. “I used to live down there, 1970,” he began, “Drove a 1968 Camaro, paid $1,495 for it … had a factory installed tape player.” Sorry, I didn’t ask whether it played eight track or cassette tapes. “Back then, gas was 27.9 cents a gallon, and smokes were 30 cents a pack. Now it’s...