You need to read up. Talk less. Learn more... because your lips seem to be blocking your brain.
You need to read up. Talk less. Learn more... because your lips seem to be blocking your brain.
Pathetic....here, YOU need to " read up "
Janet Reno's own words from 1998....
" The new Community Reinvestment Act regulations enable lenders to develop customized strategic plans for meeting their obligations under the Act, and many have been developed in partnership with your local organizations. In this way you are not only helping to rebuild your communities, but you are showing bankers how to be responsible corporate citizens. In short, you can't do it just with capital, you can't do it just with people who care; we can do it together.
We want to see equal credit being offered by banks because it is the right thing to do, because the law requires it, because it is good business, because people accept it.
You've noted that since the inception of our fair lending initiative in 1992 the Department has filed and settled 13 major fair lending lawsuits. We are going to continue these efforts under the Acting Assistant Attorney General Bill Lann Lee in every way that we possibly can. We will continue to focus on discrimination in underwriting, the process of evaluating the qualifications of credit applicants. This was the issue in our suits against Shawmut in Boston, Northern Trust Company in Chicago, and First National Bank of Donna Anna in New Mexico."
03-20-98: REMARKS OF THE HONORABLE JANET RENO TO THE NATIONAL COMMUNITY REINVESTMENT COALITION
" Newly released memos from the Clinton presidential library reveal evidence the government had a big hand in the housing crisis.
The worst actors were in the White House, not on Wall Street. During the 1990s, former Clinton aides bragged that more aggressive enforcement of the Community Reinvestment Act pressured banks to issue riskier mortgages, lending more proof the anti-redlining law fueled the crisis.
A 2012 National Bureau of Economic Research study found "that adherence to that act led to riskier lending by banks," with "a clear pattern of increased defaults for loans made by these banks in quarters around the (CRA) exam, (and) the effects are larger for loans made within CRA tracts," or low-income and minority areas.
Exhibit A in the 7,000-page Clinton Library document dump is a 1999 memo to him from his treasury secretary, Robert Rubin.
"Public disclosure of CRA ratings, together with the changes made by the regulators under your leadership, have significantly contributed to ... financial institutions ... meeting the needs of low- and moderate-income communities and minorities," Rubin gushed. "Since 1993, the number of home mortgage loans to African Americans increased by 58%, to Hispanics by 62% and to low- and moderate-income borrowers by 38%, well above the overall market increase.
"Since 1992, nonprofit community organizations estimate that the private sector has pledged over $1 trillion in loans and investment under CRA."
Clinton's changes to the CRA let ACORN use the act's ratings to "target merging firms with less-than-stellar records and to get the banks to agree to greater community investment as a condition of regulatory approval for the merger," White House aide Ellen Seidman wrote in 1997 to Clinton chief economist Gene Sperling.
"Community groups have come to recognize how terribly powerful CRA has been as a tool for making credit available in previously underserved communities," Seidman added.
Clinton Library's Doc Dump Reveals CRA Role In Subprime Mess - Investors.com
You just have NO IDEA of what the hell it is your'e talking about, do you ?? You going to post another left wing hack opinion piece to attempt to contradict history ? Contradict the actual words spoken by Clintons AG, Treasury Secretary or White House aides ??
" If no one among us is capable of governing himself, then who among us has the capacity to govern someone else ? "
I have to agree with the guy. American voters ARE pretty stupid. They bought off on this stuff. They voted for Obama after he pushed this stuff through. They believed they needed to pass it so they could find out what was in it. You get what you pay for.
One of the things I like about the ACA was the mandate for the citizen to step up, be responsible, and take care of their healthcare. I supported it because I was tired of footing the entire bill for the irresponsible people expecting the gov't to pay their healthcare bills with my tax dollars. Even if it was a little. A little is better than none. But the big business interests, and their influence on our elected officials, fought it tooth and nail. They still are. Too late though. It's here to stay. Now it's time to start tweaking it to make it better.
It's GREAT to be me. --- "45% liberal/55% conservative"
Diplomacy is the art of saying 'nice doggy" until you can find a gun.
Did everyone know that Obama stole ideas from Gruber?
He admitted it in 2006:
You know the time is right to take control, we gotta take offense against the status quo
Originally Posted by A. de Tocqueville
I wouldn't say most American voters are stupid, although working in Hospitality I would say people are a bit dumb in general.
But certainly most American voters aren't entirely educated on the issues, on both sides.
Politicians rely on this to get support, just look at those that tap into evolution denial or gay marriage using extremely erroneous arguments.
Or saying that taxing rich people alone will solve inequality etc.
AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.
HITLER FINDS OUT FIELD MARSHAL GRUBER SPILLED THE BEANS
In the video below, we catch a glimpse of Hitler’s reaction to the Grubergate videos.
I wish I could have seen Obama’s reaction when he heard of Gruber's leak. It couldn’t have been too far off from what is depicted here.
Wake Up America!
I'd like to break this up a little to ask specific questions about what you wrote here...
What is "it"? And don't give me the word "reform"...There is an end goal of this crap, and I want to know what that is.It certainly wasn't going to get done any other way.
Again, those "traditional" devices you speak of are called the Constitutional process. So can I take by this statement here that you are on board with conning the American people and shoving horrible legislation down their throats whether they like it or not? Constitution be damned I guess, right?They have been dragging their feet on healthcare reform, like immigration, and left to traditional devices the door would have never been opened.
Aw BS! Nothing was a crisis no matter how you want to take that complete lie and run with it.The president, having been elected to do things like healthcare reform (and immigration reform,) he had to do something.
You don't believe that for a second. You've already laid out that you stand behind totalitarian rule of one party as long as you agree with that party ideologically, to trash the constitutional process and unilaterally ram laws like this down our throats in the middle of the night on party line, bribed to pass vote.Congress surely was not. In a perfect world, democrats and republicans would have come together, hammered something out and put it on the president's desk for him to sign.
Oh give me a break...I remember a time during GWB, when Republicans controlled the house, senate, and presidency, you railed against that type of oligarchy, and agreed that divided government was what you wanted to see. Now you you whine because there is divided government, and poor wittle Obama can't just get his way with a lay down, rubber stamp congress...I feel for ya. Not.But the collective mindset of the GOP to cock block the president on any and every thing, good or bad, made that procedure all but impossible.
But, it is clear that this mandate aspect was a lie. It was always set up to transfer from the young and healthy, to the older and sicker people, not to mention, that the law was designed to move as many people as possible to medicaid thereby making you and I responsible for 100% of these individuals health care costs...So you want to talk about "irresponsible people" making you pay, this just made it worse.One of the things I like about the ACA was the mandate for the citizen to step up, be responsible, and take care of their healthcare. I supported it because I was tired of footing the entire bill for the irresponsible people expecting the gov't to pay their healthcare bills with my tax dollars.
Nonsense. This is your wish, but the experts say that when the mandate fails, so to does the law. You can't force people to buy something they don't have the money to buy. Deductibles are going up, premiums are going up, all in the face of another lie told by Obama, that this would reduce our premium cost of an average of $2500. per family. When the courts strike down this crap, and they will, now that Gruber has shed light on the lying nature of how this law was not only crafted, but sold, or should I say forced on the American people, it will fail...Now, what that means, as far as what will replace it? I don't know.But the big business interests, and their influence on our elected officials, fought it tooth and nail. They still are. Too late though. It's here to stay.
What exactly is "better" in your mind? Total Government health care? Medicare for all? and along with it, taxes that are approaching 50% to cover it for the middle class in the Federal brackets?Now it's time to start tweaking it to make it better.
Nah, maybe you'd like a utopia where Big Government just takes your money, and provides for you, but not me brother....I prefer to make my own decisions.
Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.
Alexis de Tocqueville