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#11
October 25th 10, 07:49 AM
posted to rec.radio.shortwave,alt.news-media,alt.fan.rush-limbaugh,alt.politics.economics,alt.politics.liberalism
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Burning Down The House: BARNEY FRANK CAUSED ECONOMIC CRISES
On Oct 24, 3:13*pm, wrote:
On Sat, 23 Oct 2010 20:37:36 -0700 (PDT), Werner wrote: On Oct 23, 6:30*pm, China Blue Police Box wrote: In article , *Werner wrote: written: “Starting with the Community Reinvestment Act of 1977, that was You mean the law that outlawed racism in lending. -- No, it would be the law that outlawed sensible lending and borrowing. Any "law" articulated and pushed by Frank was geared to lowering CREDIT RATINGS that were so stringently calculated that no one could get a home loan in a degrading community. That IS a sensible lending/borrowing policy What you fail to mention is: a) the GOP deregulated Fannie/Freddie AFTER they came to power b) the Major borrowers were Developers, banks, speculators, and Wall street who concocted the massive "Derivities" schemes c) that ONE (1) hearing held was immediatly shut down when a regulator testified of the disaster that would happen if the Oversight was not conducted. (In 2005) All of the above were REPUBLICAN faults. That is a major Understatement... |
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#12
October 26th 10, 12:16 AM
posted to rec.radio.shortwave,alt.news-media,alt.fan.rush-limbaugh,alt.politics.economics,alt.politics.liberalism
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Burning Down The House: BARNEY FRANK CAUSED ECONOMIC CRISES
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