Page 30 of 34 FirstFirst ... 202829303132 ... LastLast
Results 291 to 300 of 337

Thread: Job growth cools slightly, recovery grinds on [W:225]

  1. #291
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Today @ 07:11 PM
    Gender
    Lean
    Conservative
    Posts
    26,296

    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Cardinal Fang View Post
    So many right-wing diatribes end in exactly this manner. Get your pants

    beat off, hurl some vague personal insult, declare victory, and then run away...

    Attachment 67141005
    You've never "beat my pants off" Cardinal and I've never run away from your lies and liberal mitigations.

    your'e like a insolent child who sticks his fingers in his ears ." lalalalala"

    You didn't answer my question. Why was credit so easy to obtain ?

    Low interest rates had nothing to do with why credit was so easy to obtain.

  2. #292
    Banned
    Join Date
    Jan 2012
    Last Seen
    02-15-14 @ 04:49 PM
    Lean
    Independent
    Posts
    5,939

    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by OpportunityCost View Post
    Yeah, shut up, stop spreading complete disinformation. Im going to quote the FRBSF.org website directly.
    Funnier than funny! Regulators who already existed and had actually been regulating financial institutions for decades before CRA came along were given an additional charge of preparing a report (OOOH!!!) indicating how well a bank or S&L was complying with the intents of CRA. There is no power to apply any punishment, no means for ordering any remedial action, in fact no type of code enforcement of any sort at all anywhere in CRA, but regulators might (even though they haven't) take a poor report card into consideration on those occasions when a particular institution might decide to apply to expand its business operations. Ouch!!!

    Quote Originally Posted by OpportunityCost View Post
    The teeth of CRA compliance had already moved to the courts and with suits brought by local community groups.
    Don't you think it's rather desperately weak to be blaming CRA for lawsuits brought under the Fair Housing Act of 1968 or the Equal Credit Opportunity Act of 1974? These suits deal with illegal forms of discrimination on the basis of race, gender, disability, and other long-proscribed factors. They have nothing whatsoever to do with the obligation of a bank or S&L that takes federal deposit insurance to make efforts to identify qualified borrowers within the communities it takes deposts from.

    Quote Originally Posted by OpportunityCost View Post
    Secondly you argue both that the GSEs were decreasing in involvement and that Bush increased their targets, increasing their involvement.
    Both statements are true, as has herein been documented. Sorry if you just can't process the facts.

  3. #293
    Professor
    madman's Avatar
    Join Date
    Feb 2011
    Location
    So. California
    Last Seen
    Today @ 05:50 PM
    Gender
    Lean
    Very Liberal
    Posts
    1,936

    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Bronson View Post
    Unemployment went back up. This is not a recovery.

    Obama = worst president ever
    In other words:
    Down with the USA. I want the US to crash and burn. We need to learn our lesson. I want to see Obama fail and all people suffer.

  4. #294
    Banned
    Join Date
    Jan 2012
    Last Seen
    02-15-14 @ 04:49 PM
    Lean
    Independent
    Posts
    5,939

    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Fenton View Post
    You've never "beat my pants off" Cardinal and I've never run away from your lies and liberal mitigations.
    Better to admit that it was my doing rather than your own, even though the latter has perhaps as often been the case.

    Quote Originally Posted by Fenton View Post
    your'e like a insolent child who sticks his fingers in his ears ." lalalalala"
    No, I'm like an economist who has been working in these and related areas the whole time.

    Quote Originally Posted by Fenton View Post
    You didn't answer my question. Why was credit so easy to obtain ? Low interest rates had nothing to do with why credit was so easy to obtain.
    You'd better explain this theory of yours to the FOMC. I'm afraid that they are sullying the centennial of their institution's founding by utterly failing to recognize or understand it.

  5. #295
    Banned
    Join Date
    Jan 2012
    Last Seen
    02-15-14 @ 04:49 PM
    Lean
    Independent
    Posts
    5,939

    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by madman View Post
    In other words:
    Down with the USA. I want the US to crash and burn. We need to learn our lesson. I want to see Obama fail and all people suffer.
    Same sort of childish spoiled-bratism as sweeping all the checkers off the board once it becomes clear that one is losing. Nobody over age seven or so actually does that, but hey, look around this place...

  6. #296
    Sage
    OpportunityCost's Avatar
    Join Date
    Jan 2011
    Last Seen
    Today @ 04:00 AM
    Gender
    Lean
    Conservative
    Posts
    16,738

    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Cardinal Fang View Post
    Funnier than funny! Regulators who already existed and had actually been regulating financial institutions for decades before CRA came along were given an additional charge of preparing a report (OOOH!!!) indicating how well a bank or S&L was complying with the intents of CRA. There is no power to apply any punishment, no means for ordering any remedial action, in fact no type of code enforcement of any sort at all anywhere in CRA, but regulators might (even though they haven't) take a poor report card into consideration on those occasions when a particular institution might decide to apply to expand its business operations. Ouch!!!


    Don't you think it's rather desperately weak to be blaming CRA for lawsuits brought under the Fair Housing Act of 1968 or the Equal Credit Opportunity Act of 1974? These suits deal with illegal forms of discrimination on the basis of race, gender, disability, and other long-proscribed factors. They have nothing whatsoever to do with the obligation of a bank or S&L that takes federal deposit insurance to make efforts to identify qualified borrowers within the communities it takes deposts from.


    Both statements are true, as has herein been documented. Sorry if you just can't process the facts.
    Dont you think its rock ****in stupid to ignore the fact that inner city community groups began filing suit in the mid 90s in response to CRA legislation to force banks to comply? Lawsuits that were ground for immediate denial of any expansion or aquisition request to the feds? The first was in Illinois and began in, I believe, 94 and Obama was on the legal team.

    I just disputed bold by listing the actual regulatory power from the government website. So I guess we are left with a choice of believing your bull****, or believing corroboration of what Ive been saying all along. CRA regulation came from forcing compliance via the combination of CRA with equal lending rights, which was the intention all along. Denying aquisitions and expansions were actually the soft enforcement--the lawsuits were what cost the banks money.

    You seem to be very keen to ignore the regulation. Its pretty obvious why.

  7. #297
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Today @ 07:11 PM
    Gender
    Lean
    Conservative
    Posts
    26,296

    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by Cardinal Fang View Post
    Better to admit that it was my doing rather than your own
    , even though the latter has perhaps as often been the case.


    No, I'm like an economist who has been working in these and related areas the whole time.


    You'd better explain this theory of yours to the FOMC. I'm afraid that they are sullying the centennial of their institution's founding by utterly failing to recognize or understand it.
    Since your'e a objective "economist" working in "areas" I'm surprised youv'e completely missed the lower lending standards that fueled the sub-prime collapse.

    Or are you simply trying to skirt the issue and not answer my question ? You know, since you make me run away or beat "the pants off me".

    Actually NO liberal young or old has ever successfully beaten the pants off of me in a debate or otherwise.

    Your typical example of winning a debate is always self exclaimed with you patting your self on the back because you managed to post multiple lies and misdirections and refused to answer pertinant questions.

    Thats not a WIN, thats desperate.

  8. #298
    Sage
    Fenton's Avatar
    Join Date
    Nov 2012
    Last Seen
    Today @ 07:11 PM
    Gender
    Lean
    Conservative
    Posts
    26,296

    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by OpportunityCost View Post
    Dont you think its rock ****in stupid to ignore the fact that inner city
    community groups began filing suit in the mid 90s in response to CRA legislation to force banks to comply? Lawsuits that were ground for immediate denial of any expansion or aquisition request to the feds? The first was in Illinois and began in, I believe, 94 and Obama was on the legal team.

    I just disputed bold by listing the actual regulatory power from the government website. So I guess we are left with a choice of believing your bull****, or believing corroboration of what Ive been saying all along. CRA regulation came from forcing compliance via the combination of CRA with equal lending rights, which was the intention all along. Denying aquisitions and expansions were actually the soft enforcement--the lawsuits were what cost the banks money.

    You seem to be very keen to ignore the regulation. Its pretty obvious why.
    No none of that happened...its just Right wing misdirection and their attempt at rewriting history.

    The banks and the Koch Brothers did it....back in the early 90s.

    CARDINAL will ignore anything that doesn't side with his agenda driven lies.

  9. #299
    Banned
    Join Date
    Jan 2012
    Last Seen
    02-15-14 @ 04:49 PM
    Lean
    Independent
    Posts
    5,939

    Re: Job growth cools slightly, recovery grinds on [W:225]

    Quote Originally Posted by OpportunityCost View Post
    Dont you think its rock ****in stupid to ignore the fact that inner city community groups began filing suit in the mid 90s in response to CRA legislation to force banks to comply? Lawsuits that were ground for immediate denial of any expansion or aquisition request to the feds? The first was in Illinois and began in, I believe, 94 and Obama was on the legal team.
    Problem: There is nothing to sue for under CRA. There is no tort that one could claim. Do you not understand the law at all? The problem in CRA for secret discriminators was that their CRA evaluations became public records that could be reviewed by -- the public, and those could provide hints and clues as to whether acts long illegal under other legislation might in fact have been committed. Poor ratings were also a liability in terms of bad publicity that could be generated about such lackluster institutions.

    The case you have foolishly referred to was Buycks-Roberson v Citibank. It was filed in July 1994 alleging violations of the Fair Housing Act, the Equal Credit Opportunity Act, and the Thirteenth Amendment to the Constitution. Ms Buycks-Roberson had been twice denied a mortgage refinancing loan of $43,700. Her annual income at the time (1992) was $47,000. Unfortunately for the defendant in this case, the federal judge handling it ordered fairly broad discovery, and literally hundreds of cases of credit to blacks and others living in predominantly minority neighborhoods being denied were documented while the applications of similarly situated whites living in majority white neighborhoods were shown to have been routinely approved. Citibank suddenly saw the wisdom of entering into a consent decree under which, without admitting any guilt, they paid cash damages to the plaintiffs and others in their class, established an express lane for minority credit applications (including waiver of closing costs), and promised to change their credit review policies going forward. They also paid $900,000 in plaintiff's legal fees, of which Barack Obama -- the most junior of eight attorneys who worked on the case -- received $467.00.

    Quote Originally Posted by OpportunityCost View Post
    I just disputed bold by listing the actual regulatory power from the government website.
    There is no regulatory power listed. No order can be issued, no sanction or penalty can be applied. The absolute worst and most awful thing that can happen is that a poor rating might be considered (oh no, not THAT!) among other factors in the event that a covered institution sought federal approval for certain types of expansion in business operations.

    Quote Originally Posted by OpportunityCost View Post
    So I guess we are left with a choice of believing your bull****, or believing corroboration of what Ive been saying all along.
    No, I guess we are left with your stammering claims that a law that confirmed the affirmative responsibilty of certain banks and S&L's to make serious efforts to meet the credit needs of the communities they took deposits from was somehow far, far more than that. You should probably leave this sort of deceit to professional propagandists. You're kind of mangling it.

  10. #300
    Sage
    OpportunityCost's Avatar
    Join Date
    Jan 2011
    Last Seen
    Today @ 04:00 AM
    Gender
    Lean
    Conservative
    Posts
    16,738

    Re: Job growth cools slightly, recovery grinds on [W:225]

    The ordered solution was greater compliance with CRA through greater contact and negotiation with community groups in urban areas where CRA was felt to be needed the most. If banks didnt play ball, they could have their CRA rating torched and even their access to federal rate loans would be in jeapordy.

    You keep implying that there was no teeth and no regulation that enforced CRA, when I have already shown you sources that say they do. I guess we can agree to disagree at this point as have differing sources on what was going on.

Page 30 of 34 FirstFirst ... 202829303132 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •