>
>> > O'bungler administration is in control.
>> >
>> >
>> > "I am deeply disturbed to learn that the Obama administration left $1.3
>> > billion taxpayer dollars on the table in resolving its bailout of
>> > Chrysler," said Rep. Darrell Issa, R-Calif., chairman of the House
>> > Oversight and Government Reform Committee.
>>
>> .........who voted NO on regulating the subprime mortgage industry. (Nov >> 2007)
>
> The question I would ask is what persuaded them to make loans?
>
> Community Reinvestment Act passed and signed into law by President > Carter in 1977.
>
> It *may* have been a *good* piece of legislature if done correctly.
> Obviously there were *many* influences forcing banks to make risky
> loans. Now you seem to be an educated researching kindof guy Joe, where
> do you think one of those *many* influences came from? Should I give you
> a hint? Social Justice maybe? And who was in line with the law suits to
> force banks to loan?
>
> I personally think they were all crooks taking advantage of the
> situation, but to point a finger at ONE party responsible is nonsense, I
> believe it was an equal opportunity screw up.
>
>
Passed into law in 1977 AND expanded under the direction of the Barney Frank and Chris Dodd. We've been all around this many times, and JoeShitForBrains is taking a much broader No Vote on regulatory measures that would have expanded further the stupid s*it that Frank and Dodd were pushing for.
Frank and Dodd were pushing for lessening the regulations on sub-primes, not making them tighter.