Re: The FCIC falls apart

"Karl" <[email protected]>
Newsgroups gmane.music.dadl.ot
Message-ID <[email protected]> 
The cra loans and policies and quotas and mindset set the stage for an unstable
pile.  you cannot seriously tell me that had no impact.


-----Original Message-----
From: [email protected] [mailto:[email protected]] On Behalf
Of Lance McLain
Sent: Thursday, December 16, 2010 5:15 PM
To: DADL (off topic)
Subject: Re: [DADL-OT] The FCIC falls apart


On Dec 16, 2010, at 7:08 PM, Karl wrote:

> I don’t disagree.  But he clearly shows how much the CRA and the
> ratings and impact it had on banks had a part in their decisions.

And I'm telling you that it wasn't the CRA loans that blew up.  It was the
subprime ones.
Now CRA is just being used as a political tool by the republicans and their
banker backers to deflect blame.
Follow the money.

regards,
-Lance



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