This is Exactly what I said in my original post. Again, read the "statement". Didn't you just call me Wrong in an earlier post????

To blame the CRA is completely Wrong, as the Facts are demonstrating...

 

Actually, that's not what you said.

You politicized Ben Bernanke as a Bush appointee. If you do some research, you will see that all of the Fed bankers are good friends and it really does not matter who appoints who. They all have the same inflationary monetary policies that use the hidden tax of inflation to confiscate wealth.

Bernanke is careful not to blame the CRA and get his head in hot water with the media.

Think, don't politicize.

 

I'm not bashing Bernanke because what he says is true. He doesn't Blame the CRA because the CRA isn't to Blame!

Please read Post One for The Real Reason (which seems to jive with your own views and several member's personal experiences with home loans..)

 

To say that the CRA has no play in this is ridiculous.

Think, don't politicize.

 

“Our own experience with CRA over more than 30 years and recent analysis of available data, including data on subprime loan performance, runs counter to the charge that was at the root of, or otherwise contributed in any substantive way to, the current mortgage difficulties.”

Bernanke


I'm going with the Experts on this one. Sorry Rush and Hannity.

Who's trying to Politicize?

 

"Subprime is contained."

Bernanke. Spring 2007.

Think. Don't politicize.

 

Again, the G20 listed the "Real" reason for this, and did not reference the CRA.

Do you have a group of Credible Economists and research on the matter to back your point? If you do I'd love to see it.

And please don't reference a Sean Hannity Editorial, conspiracy theories, or the Drudge report.

Thanks.




And Please, Don't blame something on the Democratic party in One thread, and tell ME not to "Politicize" in the next...

 

[QUOTE=Bluejay;3604720]
Absolutely agree. There were many things that came together to cause this mess, but one word sums them all up - greed. There were greedy politicians, greedy bankers, greedy homeowners, greedy businesses, and I could go on and on. But the situation the greed caused could not go on. Hence, our current mess.

 

[QUOTE=2stroked;3604864]I 100% Agree. It's a shame, but true...

 

Once again, look at the inflationary period before the Great Depression
(aka: The Roaring 20's) and our current malaise and you will see the inflationary policies of the Fed.

Since you're obviously too lazy to do your own research and are not open minded, I'll let you put your big boy pants on and do your own searches, if you dare.


Just remember that if you want to be an indefatigable shill for the major media (over 90% of their employees are Democrats) no amount of pragmatism or information will change your mind. Your threads are living proof that blind liberalism (socialism) is dangerous. Keynes said it best concerning his economic policies, "In the end we're all dead."

Happy hunting.

 

Really? Where did you come up with that?

 

A poll during the 1992 Presidential Campaign.

The media was much maligned during that election cycle over 'bias'.

 

I'm surprised it's not more like 99 1/2%! Has to be at the Fort Worth Star Telegram.

 

17 year old data that you can't quote or document? I expect better from you. Who maligned the media?

 

We purchased our house in '01. I don't know what we were qualified for. It really didn't matter. We had choosen a house and wanted to borrow enough money to purchase it. The price of the house was within our means, which is why we choose it, rather than something nicer, and more expensive.

You and BHibbs think it's ok to keep people in their houses when they took all the money that the lender was offering? You think it's ok that some people used their houses like ATM's and have increased the principal by more than 100% in some cases, and are now saying that they are the victim and need to be bailed out by the tax payers?

You two were smart enough not to bite off more than you could chew, right? I wasn't even interested in what we "qualified" for. I didn't want to borrow any more than we had to. Why do you think it's ok to use tax payer dollars to help out people who didn't make the right decisions to begin with? Buying a house is supposed to be different than going to WalMart to buy that big screen TV. It's things like the Community Reinvestment Act that made the process of buying a house more like that Walmart purchase. The people making policy are supposed to be smart enough to realize the ramifications of their actions.

Sure, greed is a factor. It isn't THE reason though. If you think that is the only factor, one of us is really missing something here.