Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $16,225
20%  
Woo hoo!! And we're now over 20%!! Thank you all very much!! God bless.

Keyword: june2008

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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,...
  • Ballot Measure Seeks To Rein In Cities' Land Grabs (Eminent Domain Reform Alert)

    11/27/2007 9:44:04 AM PST · by goldstategop · 11 replies · 122+ views
    Orange County Register ^ | 11/27/2007 | Orange County Register Editorial
    t's one thing for a government to use its police powers to take a property to make way for a truly public project, such as a freeway, but quite another for it to bulldoze neighborhoods because a developer is coveting the property. The League of California Cities and the California Redevelopment Association, whose members benefit by the current lax standards for eminent domain, funded a campaign in November 2006 to stop Proposition 90, a statewide initiative that would have banned eminent domain for economic development and forced cities to pay compensation for "regulatory takings." Fortunately, supporters of a more traditional,...