Re: The FCIC falls apart

On Dec 16, 2010, at 7:15 PM, Lance McLain wrote:

>
> 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.

Karl, I am no defender of gov't programs.  I abhor them.  I'm  
borderline anarchist.  But I've been following every detail of this  
daily for 3 years now.  This was wall street fraud plain and simple.   
And it continues. and continues and continues to this day.  Seeing the  
politicians playing defenders of the thieves is especially sickening  
to me.

regards,
-Lance
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