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  1. #66
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    Quote Originally Posted by cool-in-cayman View Post
    Well, I guess you must only retain parts of the article you like. From the same article you liked so much.
    Yes, that view was common in conservative circles at the time it was written.

    The accuracy of the statement you posted from your link has since been invalidated by the National Commission on the Causes of the Financial and Economic Crisis in the United States
    Gods are fragile things; they may be killed by a whiff of science or a dose of common sense.

    Chapman Cohen

  2. #67
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    Quote Originally Posted by Six View Post
    Yep, IT didn't answer thr question did it.

    A expected response to blame a Republican at any cost. Even at the cost of his/her/its own integrity.

    Liberals are like retarded crabs .Easy to trap and geery showed he/she/it has NO intention of answering the question and have the courage to step up.

    The Affordable Housing act forced Fannie and Freddie to buy toxic mortgages.

    FOR 70 ODD FUC**ING YEARS FANNIE HAS BEEN BUYING MORTGAGES. WHY AFTER BARNEY FRANKS AFFORDABLE HOUSING ACT DID EVERYTHING GO STRAIGHT TO HELL? BECAUSE THEY WERE FORCED TO BUY SUBSTANDARD LOANS BY THE DEMOCRATS.

    GEERY IS SO CLOUDED WITH HIS IDIOTIC IDEOLOGY ITS BASICALLY IMPRISONED HIM.

    He absolutley can not tell the truth or think objectively. I would feel sorry foe a guy like that but I know how dangerous people are to the future of our Republic.
    Yawn. Double yawn.



    When you come up with something new or credible let us know.
    Gods are fragile things; they may be killed by a whiff of science or a dose of common sense.

    Chapman Cohen

  3. #68
    Quote Originally Posted by geerair View Post
    Yawn. Double yawn.



    When you come up with something new or credible let us know.
    http://www.nytimes.com/2012/06/26/bu...pagewanted=all

    Scranton taxpayers stuck for the losses of the SPA double barrel shot gun style with a very good chance of Chapter 9.

    Institute this moral thought when you run out of $$$$ stick it to the taxpayer,then you have the polecats paid off.

    And you wonder why they can only afford to pay minimum wages.

    Taxation without representation,now where have we heard that one before.
    FEN

  4. #69
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    Quote Originally Posted by geerair View Post
    Yes, that view was common in conservative circles at the time it was written.

    The accuracy of the statement you posted from your link has since been invalidated by the National Commission on the Causes of the Financial and Economic Crisis in the United States
    The commitee was referring to loans made specifically to low income and minority groups "6%" This does not take into account the effect the CRA had on the banking industry as a whole as addressed in the geer approved link. The CRA opened "special" status to most everyone.

  5. #70
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    Quote Originally Posted by netsalt View Post
    Every town that is having financial problems is Obama's fault?????
    Pretty much. It is a shame that Pennsyvanians who have benefitted from government subsidizing and labor union control for so long had to get to this point to realize that they were backing the wrong horse by backing Democrats who allowed criminal elements to use government to extort the people legally.
    Government is a disease...
    ...masquerading as its own cure…
    Ecclesiastes 10:2 NIV


  6. #71
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    Pennsylvanian union workers have been voting for Socialist Democrats for over a century. Now, they reap what they have sown.
    Government is a disease...
    ...masquerading as its own cure…
    Ecclesiastes 10:2 NIV


  7. #72
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    Quote Originally Posted by geerair View Post
    Yawn. Double yawn.



    When you come up with something new or credible let us know.



    She STILL wont answer.....lol

    Just hang it up. You've been cornered and exposed as a hypoctitical ideologue.

    Just cant stand it that you have zero credible evidence our resources to back up your liberal partisan nonsense.

    And you guys elected a nobody whos incompetence has ruined the Country.

    Libs are getting creamed all over the internet in political forums because of that moron. Ijust checked my two sites.

    Its brutal.

    Still no courage, still no honesty.

  8. #73
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    Quote Originally Posted by geerair View Post
    Let's see, first you accuse me of not taking a position, then you highlight a position I've taken.

    You've made an assertion then contradicted that assertion in the very next sentence.

    I take it your editorial policy is to avoid checking the content of your posts for consistency.




    Coerced? The amount of participation by banks and other financial institutions would not support that.

    You might have missed or probably ignored this little tidbit in your link. "Larely at the behest of the banking sector, new rules were implemented that were widely seem as weakening the CRA.

    At the behest of the banking sector........not really what any moderately intelleigent person would define as coercion.


    Indeed, Richard Fuld CEO of Lehman Bros. was asked what role Freddie and Fannie played in the demise of Lehman Bros.

    Fuld replied "De Minimis"

    Now if you have your EPA cert. you know the definition of de Minimis.


    Perhaps you have a different definition that you can share with us.







    Believe CRA is the root of the banking collapse? I'm more persuaded by the conclusions of the national commission set up to study the causes of the financial collapse: "The Commission concludes that the Community Re-investment Act was not a significant factor in the subprime lending or the financial crisis."
    Well I'll admit it is difficult to discern whether you are asserting something or simply contradicting others with your posts. So to your first "point" I don't know exactly what the hell it is you are talking about.

    And Ill assume you summarily dismissed from the geer approved link the paragraph which clearly demostrated penalties for banks that did not meet CRA approval. They were not allowed to expand.
    The CRA was the catalyst, the root.

  9. #74
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    Quote Originally Posted by cool-in-cayman View Post
    The commitee was referring to loans made specifically to low income and minority groups "6%" This does not take into account the effect the CRA had on the banking industry as a whole as addressed in the geer approved link. The CRA opened "special" status to most everyone.
    There is the CRA and there is Barney Franks AFFORDABLE HOUSING ACT.

    2 seperate liberal disasters that destroyed our economy and also had world wide economic reprecussions.

    The liberal aganda has caused millions to suffer from poverty and joblesness.

    Also the director of the movie the avengers just went on a anti capitalist rant.

    What a hypocrite douche.

    How much money do you think he made off that movie ?

  10. #75
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    Quote Originally Posted by Six View Post
    She STILL wont answer.....lol

    Just hang it up. You've been cornered and exposed as a hypoctitical ideologue.

    Just cant stand it that you have zero credible evidence our resources to back up your liberal partisan nonsense.

    And you guys elected a nobody whos incompetence has ruined the Country.

    Libs are getting creamed all over the internet in political forums because of that moron. Ijust checked my two sites.

    Its brutal.

    Still no courage, still no honesty.
    You could have also said; "You have been weighed, you have been measured, and you have been found wanting."
    Government is a disease...
    ...masquerading as its own cure…
    Ecclesiastes 10:2 NIV


  11. #76
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    Quote Originally Posted by Six View Post
    She STILL wont answer.....lol
    Hmmm.......check post #54. There you will find a statement that meets all specifications and definitions of the word answer. Said statement is supported by quotes and conclusions produced from an article not posted by myself but by one of your own ilk.


    I would suggest that a visit to an optometrist or multiple sessions with a remedial English instructor or a quarantine from Limbaugh's dribblings are strongly indicated. Probably, given the severity of your affliction,a combination of all three measures would be the best course of treatment.



    ust hang it up. You've been cornered and exposed as a hypoctitical ideologue.

    Just cant stand it that you have zero credible evidence our resources to back up your liberal partisan nonsense.

    And you guys elected a nobody whos incompetence has ruined the Country.

    Libs are getting creamed all over the internet in political forums because of that moron. Ijust checked my two sites.

    Its brutal.

    Still no courage, still no honesty.
    Gods are fragile things; they may be killed by a whiff of science or a dose of common sense.

    Chapman Cohen

  12. #77
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    Quote Originally Posted by cool-in-cayman View Post
    Well I'll admit it is difficult to discern whether you are asserting something or simply contradicting others with your posts. So to your first "point" I don't know exactly what the hell it is you are talking about.
    I would have thought the point was easily understandable.

    On the one hand you stated that I had not taken a position and then in the very next sentence you gave an example of a position I had taken.

    Thus, as I replied in an earlier post you might need to review your editorial policy regarding consistency.




    And Ill assume you summarily dismissed from the geer approved link the paragraph which clearly demostrated penalties for banks that did not meet CRA approval.

    They were not allowed to expand.

    the CRA was the catalyst, the root.
    In fact I carefully read and considered the paragraph finding it neither relevant nor particulary compelling.


    To accept the validity of the conclusion in the paragraph, we should have seen a precipitous decline in approvals of financial institution mergers and acquisitions.

    No such decline was seen.




    Federal Reserve Board Study 1997:

    "Concerns at the time over the 1995 regulatory change causng an increase in the inability of financial institutions to expand through mergers and acquisitions due to regulatory denial based on poor CRA compliance were unfounded.

    Over the 1993-97 period, the Federal Reserve Board actually approved more applications than the average percentages of those without a detailed CRA review taking place."
    Gods are fragile things; they may be killed by a whiff of science or a dose of common sense.

    Chapman Cohen

  13. #78
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    Quote Originally Posted by Six View Post
    Also the director of the movie the avengers just went on a anti capitalist rant.
    Oh no!!!!! Better go see if you can get your money back.




    What a hypocrite douche.

    How much money do you think he made off that movie ?
    Why certain peole would let something as trivial as a movie director's comments get them so agitated and foaming at the mouth defies rational understanding.
    Gods are fragile things; they may be killed by a whiff of science or a dose of common sense.

    Chapman Cohen

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