Not His Fault

SamCogar wrote:The public is finally figuring out that Obama's "Monopoly Game" is rigged in favor of the Democrat contributor$ and the ACORNites.

When the Democrats get through passing out all that "funny Monopoly money" ..... the people know it will take all of their real money, .... plus a lot more, ...... to pay their bills.

SheikBen wrote:Andrea,

At what point would you be willing to call the Democrats' policies a failure? 25% unemployment? 30%? 15%?

SamCogar wrote:Andrea, I think you ought to buy yourself a new house and car, you deserve it. And I’m sure there are several there in your area of MA in the $500K to $700K range that would suit your fancy and are now affordable with all that OT you are getting.

And remember, when you go to the Bank to apply for the mortgage you be sure to tell that Loan Officer that “By damn iffen Obama can pay off a $12+ TRILLION mortgage then you can pay off a measley $700K, so sign those mortgage papers and gimme the money”.

Iffen you tell the Banker that then there is no way he can refuse you.

Andrea Cristobal wrote:

SheikBen wrote:Andrea,

At what point would you be willing to call the Democrats' policies a failure? 25% unemployment? 30%? 15%?

Obama has not been in office very long. I am not ready to cry 'failure' so soon. We are coming out of a crisis that began several years ago. I don't think it can be solved so quickly. If a year from now we have huge unemployment numbers, life is not better for Americans I will say that the Democratic policies have failed. For me that time has not yet come. In my opinion many are jumping on the failure bandwagon way too soon.

Andrea Cristobal wrote:
Thanks but no thanks. I don't need your explanations of anything. I haven't found any of them so far to be particularly cogent.

Aaron wrote:I understand both the constitution AND mark to market rules. Perhaps if you understood any of these issues we could have an intelligent conversation. But as you've displayed that you're lacking in many areas, that is not an option.

And yet you keep coming back for more. I see why Sam enjoys toying with you. You're the ball of string to his kitty.

Andrea Cristobal wrote:I am afraid.

Andrea Cristobal wrote: Ah Sam, bless your heart. You have no idea how much laughter I have had since coming on here and reading your posts. You are about the funniest poster I have ever come across. I even got some gifs so I could put some up in response to yours, you are that hilarious.

Andrea Cristobal wrote: The original bailouts were under Bush's presidency.

The Community Reinvestment Act (or CRA, Pub.L. 95-128, title VIII, 91 Stat. 1147, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.[1][2][3] Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.[4][5] The Act requires the appropriate federal financial supervisory agencies to encourage regulated financial institutions to meet the credit needs of the local communities in which they are chartered, consistent with safe and sound operation (Section 802.). To enforce the statute, federal regulatory agencies examine banking institutions for CRA compliance, and take this information into consideration when approving applications for new bank branches or for mergers or acquisitions (Section 804.).

source

Aaron wrote:You are quite correct Sam. Our housing crisis can be directly attributed to Jimmy Carter and the Community Reinvestment Act.

The Community Reinvestment Act (or CRA, Pub.L. 95-128, title VIII, 91 Stat. 1147, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.[1][2][3] Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.[4][5] The Act requires the appropriate federal financial supervisory agencies to encourage regulated financial institutions to meet the credit needs of the local communities in which they are chartered, consistent with safe and sound operation (Section 802.). To enforce the statute, federal regulatory agencies examine banking institutions for CRA compliance, and take this information into consideration when approving applications for new bank branches or for mergers or acquisitions (Section 804.).

source

The problem is getting a liberal to recognize the truth instead of blaming it on Boooooooooooosh.

Aaron wrote:You are quite correct Sam. Our housing crisis can be directly attributed to Jimmy Carter and the Community Reinvestment Act.

The Community Reinvestment Act (or CRA, Pub.L. 95-128, title VIII, 91 Stat. 1147, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.[1][2][3] Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.[4][5] The Act requires the appropriate federal financial supervisory agencies to encourage regulated financial institutions to meet the credit needs of the local communities in which they are chartered, consistent with safe and sound operation (Section 802.). To enforce the statute, federal regulatory agencies examine banking institutions for CRA compliance, and take this information into consideration when approving applications for new bank branches or for mergers or acquisitions (Section 804.).

source

The problem is getting a liberal to recognize the truth instead of blaming it on Boooooooooooosh.

Andrea Cristobal wrote:

Aaron wrote:You are quite correct Sam. Our housing crisis can be directly attributed to Jimmy Carter and the Community Reinvestment Act.

The Community Reinvestment Act (or CRA, Pub.L. 95-128, title VIII, 91 Stat. 1147, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.[1][2][3] Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.[4][5] The Act requires the appropriate federal financial supervisory agencies to encourage regulated financial institutions to meet the credit needs of the local communities in which they are chartered, consistent with safe and sound operation (Section 802.). To enforce the statute, federal regulatory agencies examine banking institutions for CRA compliance, and take this information into consideration when approving applications for new bank branches or for mergers or acquisitions (Section 804.).

source

The problem is getting a liberal to recognize the truth instead of blaming it on Boooooooooooosh.

So tell me Aaron. Did fear of being considered discriminatory force all of these bank, credit companies, and mortgage brokers to give loans to people who it was obvious through credit checks couldn't afford them? Wasn't this law designed to protect minorites from discrimination in lending? Does that excuse any of these institutions from giving a loan for a mortage for a $250,000 dollar house, when all the person could afford was a mortgage on a $100,000 house. I would also agree with the idea that people shouldn't purchase houses which they can't afford. Does the above law excuse predatory lending? I can't wait to hear the excuse for this one.

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