alw 0 #26 September 30, 2008 This just creeps me out. http://www.youtube.com/watch?v=TW9b0xr06qA --------------------------------------------- Every day is a bonus - every night is an adventure. Quote Share this post Link to post Share on other sites
rushmc 23 #27 September 30, 2008 Quote Quote Quote Still no data to support your statement! Fact - over half the problem mortgages came from brokers who were not bound by CRA rules at all. Fact - subprime lending was not restricted to CRA loans. Fact - CRA didn't force brokers to steer home buyers to subprime loans so the broker could get a higher commission. Fact - CRA didn't force middle class buyers to overextend on big houses or summer homes. Fact - CRA loans had a lower default rate than subprime loans in general. Fact - The CRA didn't force any bank into risky CDS transactions, loan "securitization", or other silly debt instruments. And no data quoted in your statement above to support yours. The CRA is available for all to read. Nowhere does it, for example, force banks into credit dafault swaps or force brokers to steer clients to risky loans so the broker's commission is increased. Are you disputing that? If so, it just makes you look silly. What is written is what you fall back on??It is how it is intepited and enforced. If I could find the Clinton speach that would be a good indicator. Also, the author on the link I provide in this thread (you know the link, the one the greenies deleted when I made a thread for it) does not agree with you either and has much more to back his side up than do you"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
rushmc 23 #28 September 30, 2008 Quote Quote Quote Still no data to support your statement! Fact - over half the problem mortgages came from brokers who were not bound by CRA rules at all. Fact - subprime lending was not restricted to CRA loans. Fact - CRA didn't force brokers to steer home buyers to subprime loans so the broker could get a higher commission. Fact - CRA didn't force middle class buyers to overextend on big houses or summer homes. Fact - CRA loans had a lower default rate than subprime loans in general. Fact - The CRA didn't force any bank into risky CDS transactions, loan "securitization", or other silly debt instruments. And no data quoted in your statement above to support yours. The CRA is available for all to read. Nowhere does it, for example, force banks into credit dafault swaps or force brokers to steer clients to risky loans so the broker's commission is increased. Are you disputing that? If so, it just makes you look silly. Quote What is written is what you fall back on??It is how it is intepited and enforced. If I could find the Clinton speach that would be a good indicator. Also, the author on the link I provide in this thread (you know the link, the one the greenies deleted when I made a thread for it) does not agree with you either and has much more to back his side up than do you "America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
rushmc 23 #29 September 30, 2008 Winter (edition) 2000 You and billvon say if something predicted comes true then the theory must be true!!!!! ===================================== And this comment to this act "The Community Reinvestment Act funnels billions to left-wing activists, while threatening to destabilize lower-middle-class neighborhoods." ==================================== The Trillion-Dollar Bank Shakedown That Bodes Ill for Cities Howard Husock And the first few paragraphs Quote The Clinton administration has turned the Community Reinvestment Act, a once-obscure and lightly enforced banking regulation law, into one of the most powerful mandates shaping American cities—and, as Senate Banking Committee chairman Phil Gramm memorably put it, a vast extortion scheme against the nation's banks. Under its provisions, U.S. banks have committed nearly $1 trillion for inner-city and low-income mortgages and real estate development projects, most of it funneled through a nationwide network of left-wing community groups, intent, in some cases, on teaching their low-income clients that the financial system is their enemy and, implicitly, that government, rather than their own striving, is the key to their well-being. The CRA's premise sounds unassailable: helping the poor buy and keep homes will stabilize and rebuild city neighborhoods. As enforced today, though, the law portends just the opposite, threatening to undermine the efforts of the upwardly mobile poor by saddling them with neighbors more than usually likely to depress property values by not maintaining their homes adequately or by losing them to foreclosure. The CRA's logic also helps to ensure that inner-city neighborhoods stay poor by discouraging the kinds of investment that might make them better off. The Act, which Jimmy Carter signed in 1977, grew out of the complaint that urban banks were "redlining" inner-city neighborhoods, refusing to lend to their residents while using their deposits to finance suburban expansion. CRA decreed that banks have "an affirmative obligation" to meet the credit needs of the communities in which they are chartered, and that federal banking regulators should assess how well they do that when considering their requests to merge or to open branches. Implicit in the bill's rationale was a belief that CRA was needed to counter racial discrimination in lending, an assumption that later seemed to gain support from a widely publicized 1990 Federal Reserve Bank of Boston finding that blacks and Hispanics suffered higher mortgage-denial rates than whites, even at similar income levels. In addition, the Act's backers claimed, CRA would be profitable for banks. They just needed a push from the law to learn how to identify profitable inner-city lending opportunities. Going one step further, the Treasury Department recently asserted that banks that do figure out ways to reach inner-city borrowers might not be able to stop competitors from using similar methods—and therefore would not undertake such marketing in the first place without a push from Washington. None of these justifications holds up, however, because of the changes that reshaped America's banking industry in the 1990s. Banking in the 1970s, when CRA was passed, was a highly regulated industry in which small, local savings banks, rather than commercial banks, provided most home mortgages. Regulation prohibited savings banks from branching across state lines and sometimes even limited branching within states, inhibiting competition, the most powerful defense against discrimination. With such regulatory protection, savings banks could make a comfortable profit without doing the hard work of finding out which inner-city neighborhoods and borrowers were good risks and which were not. Savings banks also had reason to worry that if they charged inner-city borrowers a higher rate of interest to balance the additional risk of such lending, they might jeopardize the protection from competition they enjoyed. Thanks to these artificially created conditions, some redlining of creditworthy borrowers doubtless occurred. "America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
rushmc 23 #30 September 30, 2008 The "enforcement" QuoteCrucially, the new CRA regulations also instructed bank examiners to take into account how well banks responded to complaints. The old CRA evaluation process had allowed advocacy groups a chance to express their views on individual banks, and publicly available data on the lending patterns of individual banks allowed activist groups to target institutions considered vulnerable to protest. But for advocacy groups that were in the complaint business, the Clinton administration regulations offered a formal invitation. The National Community Reinvestment Coalition—a foundation-funded umbrella group for community activist groups that profit from the CRA—issued a clarion call to its members in a leaflet entitled "The New CRA Regulations: How Community Groups Can Get Involved." "Timely comments," the NCRC observed with a certain understatement, "can have a strong influence on a bank's CRA rating.""America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
marks2065 0 #31 September 30, 2008 i don't know but this sounds like banks were instructed to give out high risk loans because they would be racist or be discriminating if they didn't. there was probably good reason to stay out of those areas because of the risk and now it comes to bite us. maybe if the inner city / low income areas improved themselves and their nieghborhoods they wouldn't have needed this presure on banks and this whole mess wouldn't have happened. maybe if these inner city / low income areas had a little pride and hard work they could have cleaned themselves up, taken better care of the area, thus inviting more buisinesses and more jobs that would have increased the income level and then made eligibility for loans without special incentives from the gov. but then agian why would anyone want to work hard for something when they can get it for cheap or free from the gov by claiming discrimination. Quote Share this post Link to post Share on other sites
kallend 2,106 #32 September 30, 2008 Quote Winter (edition) 2000 You and billvon say if something predicted comes true then the theory must be true!!!!! ===================================== Ummm - NO! Rest of your post is therefore irrelevant. Not that that's unusual.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
ChasingBlueSky 0 #33 September 30, 2008 QuoteThis just creeps me out. http://www.youtube.com/watch?v=TW9b0xr06qA You obviously haven't seen the McCain and Palin songs out there then. Only takes a few moments on google and youtube to find them. Just as "creepy." Also, the original story in this thread doesn't give any sources other than "Fox News" reports. 1800 fake voter registrations? Show me the legal proof and the criminal fallout after that. Meanwhile I can show you this: http://news.yahoo.com/s/ap/20080929/ap_on_el_pr/ohio_early_voting;_ylt=AmBvEtaXbaeDfvB19zrH3j.s0NUE http://rawstory.com/news/2008/Republican_IT_consultant_subpoenaed_in_case_0929.html http://www.alternet.org/democracy/100864/gop_plans_and_denials_to_challenge_foreclosed_voters_examined/ http://michiganmessenger.com/4479/gop-has-a-history-of-voter-caging-according-to-democrats-lawsuit http://www.marketwatch.com/news/story/new-directive-increase-protection-ohio/story.aspx?guid={0B7C2720-66AB-40AB-9190-6B5A950D81EE}&dist=hppr http://www.guardian.co.uk/world/uselectionroadtrip/2008/sep/30/uselections2008_________________________________________ you can burn the land and boil the sea, but you can't take the sky from me.... I WILL fly again..... Quote Share this post Link to post Share on other sites
marks2065 0 #34 September 30, 2008 so the people arrested and being tried for registration fraud doesn't mean anything? Quote Share this post Link to post Share on other sites
ChasingBlueSky 0 #35 September 30, 2008 Do you have hard statistical proof of defaulted loans being from minorities? Urban citizens? Underpaid workers? Unemployed workers? What about from pure CRA sources? What about from ACORN? Show me numbers. Show me sources, give me links, spreadsheets, charts, etc. I want hard proof._________________________________________ you can burn the land and boil the sea, but you can't take the sky from me.... I WILL fly again..... Quote Share this post Link to post Share on other sites
ChasingBlueSky 0 #36 September 30, 2008 Quote so the people arrested and being tried for registration fraud doesn't mean anything? Proof to that? Link? Headlines?_________________________________________ you can burn the land and boil the sea, but you can't take the sky from me.... I WILL fly again..... Quote Share this post Link to post Share on other sites
downwardspiral 0 #37 September 30, 2008 Quote Quote Why is it the Obama supporters on this site ignore this? No need to answer. It's a rhetorical question. I admit to being caught up in the wave of energy that followed Obama around prior to the summer. Most likely because I really do not trust Hillary so naturally I'll favor whoever opposes her. Anyhow once that all wore off I got this funny feeling about Obama. Something told me he can't be trusted. A lot of people would scoff at such a notion. A feeling? pffft. Now I'm not that educated and I'm certainly no genius but if there is anything I'm good at it's judgement of character....that and spacial orientation but that's for another thread. Again, I've been reading through another boring Obama thread and stumbled across an interesting post. If I'd the notion, I'd get some links to similiar. Essentially, what interests me is people who have perceptions about the guy that you describe. I've come across people with such descriptions over here in the UK too. The most extreme describe him as the Anti-Christ which I find ridiculous, but also funny in a black kind of way - no pun intended - because of this bleak enigmatic aura which seems to surround the man. It isn't comparable to people throughout planet earth worrying over the suitability of George Bush when he became President. That was far more on the surface. This perception of Obama seems more abstruse, yet it's maybe more widespread than most people think. What I find interesting is the reasoning for these perceptions; I somehow can't put it down to whatever negative press report people heard or read. Simplistically, maybe the dudes just a creepy fucker. heh I don't think he creepy. Ingenuine is a word that comes to mind and likely what brought on my initial distrust. But yeah my instinct was Obama is corrupt and what has come out over the last couple months has affirmed my suspicions.www.FourWheelerHB.com Quote Share this post Link to post Share on other sites
rushmc 23 #38 September 30, 2008 Quote Do you have hard statistical proof of defaulted loans being from minorities? Urban citizens? Underpaid workers? Unemployed workers? What about from pure CRA sources? What about from ACORN? Show me numbers. Show me sources, give me links, spreadsheets, charts, etc. I want hard proof. It isnt minorities or just minorities. Low income is across all races. It is a fact that ACORN and others pushed for this to support their groups but hell, now you want to spin this into a minority thing? FCS "America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
marks2065 0 #39 September 30, 2008 QuoteQuote so the people arrested and being tried for registration fraud doesn't mean anything? Proof to that? Link? Headlines? [/url]http://www.aina.org/news/20080529155204.htm respublica.typepad.com/respublica/2007/12/acorn-arrests.html [url] here is 2 Quote Share this post Link to post Share on other sites
rushmc 23 #40 September 30, 2008 Quote Quote so the people arrested and being tried for registration fraud doesn't mean anything? Proof to that? Link? Headlines? Take your pick http://www.google.com/search?hl=en&as_q=acorn++arrested+voter+registration+fraud&as_epq=&as_oq=&as_eq=&num=10&lr=&as_filetype=&ft=i&as_sitesearch=&as_qdr=all&as_rights=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=images How about in the news http://news.google.com/news?hl=en&as_epq=&as_oq=&as_eq=&num=10&lr=&as_filetype=&ft=i&as_sitesearch=&as_qdr=all&as_rights=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=images&q=acorn%20%20arrested%20voter%20registration%20fraud&um=1&ie=UTF-8&sa=N&tab=wn ya ya ya, I just did the search on google, you pick the ones YOU trust when you read them"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
marks2065 0 #41 September 30, 2008 Quote Quote Quote so the people arrested and being tried for registration fraud doesn't mean anything? Proof to that? Link? Headlines? Take your pick http://www.google.com/search?hl=en&as_q=acorn++arrested+voter+registration+fraud&as_epq=&as_oq=&as_eq=&num=10&lr=&as_filetype=&ft=i&as_sitesearch=&as_qdr=all&as_rights=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=images How about in the news http://news.google.com/news?hl=en&as_epq=&as_oq=&as_eq=&num=10&lr=&as_filetype=&ft=i&as_sitesearch=&as_qdr=all&as_rights=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=images&q=acorn%20%20arrested%20voter%20registration%20fraud&um=1&ie=UTF-8&sa=N&tab=wn ya ya ya, I just did the search on google, you pick the ones YOU trust when you read them 4 links and chasingbluesky is speachless Quote Share this post Link to post Share on other sites
kallend 2,106 #42 September 30, 2008 Quote Quote Quote Quote so the people arrested and being tried for registration fraud doesn't mean anything? Proof to that? Link? Headlines? Take your pick http://www.google.com/search?hl=en&as_q=acorn++arrested+voter+registration+fraud&as_epq=&as_oq=&as_eq=&num=10&lr=&as_filetype=&ft=i&as_sitesearch=&as_qdr=all&as_rights=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=images How about in the news http://news.google.com/news?hl=en&as_epq=&as_oq=&as_eq=&num=10&lr=&as_filetype=&ft=i&as_sitesearch=&as_qdr=all&as_rights=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=images&q=acorn%20%20arrested%20voter%20registration%20fraud&um=1&ie=UTF-8&sa=N&tab=wn ya ya ya, I just did the search on google, you pick the ones YOU trust when you read them 4 links and chasingbluesky is speachless You may trust right wing blogs, but that's only because you are predisposed to.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
downwardspiral 0 #43 September 30, 2008 Quote Quote Quote Quote Quote so the people arrested and being tried for registration fraud doesn't mean anything? Proof to that? Link? Headlines? Take your pick http://www.google.com/search?hl=en&as_q=acorn++arrested+voter+registration+fraud&as_epq=&as_oq=&as_eq=&num=10&lr=&as_filetype=&ft=i&as_sitesearch=&as_qdr=all&as_rights=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=images How about in the news http://news.google.com/news?hl=en&as_epq=&as_oq=&as_eq=&num=10&lr=&as_filetype=&ft=i&as_sitesearch=&as_qdr=all&as_rights=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=images&q=acorn%20%20arrested%20voter%20registration%20fraud&um=1&ie=UTF-8&sa=N&tab=wn ya ya ya, I just did the search on google, you pick the ones YOU trust when you read them 4 links and chasingbluesky is speachless You may trust right wing blogs, but that's only because you are predisposed to. lol says the guy who posted a video of Palins preacher with evil music dubbed into it. www.FourWheelerHB.com Quote Share this post Link to post Share on other sites
marks2065 0 #44 September 30, 2008 take your pick, how many does it take? just Obama trying to get money to acorn is proof that he is involved. you keep teling me to open my eyes maybe i'm not the one with them closed. Quote Share this post Link to post Share on other sites
ChasingBlueSky 0 #45 October 1, 2008 Quote Quote Quote Quote so the people arrested and being tried for registration fraud doesn't mean anything? Proof to that? Link? Headlines? Take your pick http://www.google.com/search?hl=en&as_q=acorn++arrested+voter+registration+fraud&as_epq=&as_oq=&as_eq=&num=10&lr=&as_filetype=&ft=i&as_sitesearch=&as_qdr=all&as_rights=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=images How about in the news http://news.google.com/news?hl=en&as_epq=&as_oq=&as_eq=&num=10&lr=&as_filetype=&ft=i&as_sitesearch=&as_qdr=all&as_rights=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=images&q=acorn%20%20arrested%20voter%20registration%20fraud&um=1&ie=UTF-8&sa=N&tab=wn ya ya ya, I just did the search on google, you pick the ones YOU trust when you read them 4 links and chasingbluesky is speachless Um, I was at the White Sox game tonight where they won the Division. I've had a few beers so I'll just ignore this site for the rest of the night. GO SOX FUCK THE CUBS_________________________________________ you can burn the land and boil the sea, but you can't take the sky from me.... I WILL fly again..... Quote Share this post Link to post Share on other sites
mnealtx 0 #46 October 1, 2008 QuoteAlso, the original story in this thread doesn't give any sources other than "Fox News" reports. 1800 fake voter registrations? Show me the legal proof and the criminal fallout after that. What, you suddenly forget how to spend "a few moments on google" to verify something about the democrats, or what? Kansas City, MO Seminole County, FL Pittsburg - and some money for Obama MilwaukeeMike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
rushmc 23 #47 October 1, 2008 Obama also helped as a lawyer with the current mess (or so it seems) http://www.suntimes.com/news/politics/obama/700499,CST-NWS-Obama-law17.article Glen Beck is looking into it http://209.157.64.201/focus/f-news/2094793/posts"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
