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Thread: AARP Raises Costs for Employees' Insurance Plans

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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by Birdzeye View Post
    Ah yes, once again with one of those right wing talking points, regardless of whether or not it's true. Show us some credible proof that it was "Jackson, and Sharpton, ACORN, and demo's in congress" who "pushed" them to make make loans to people who were not creditworthy. I've heard that claim so many times, but have yet to see a shred of credible proof to back it up.
    The Community Reinvestment Act was passed under Carter to encourage loans to people who could not demonstrate an ability to repay the loans. It was pretty well ignored by everyone until the Clinton era, when banks suddenly found that the only way for them to get permission to open a new branch office was to demonstrate compliance with the CRA. So, thanks to pressure from Jackson, Sharpton, ACORN, Frank and Dodd, the regulators forced the banks to make loans to people who couldn't repay them. Fortunately for the banks, Fannie & Freddie were standing by to make sure the taxpayers paid the bill.

    If you haven't seen the proof yet, I doubt you have been looking.
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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by Diogenes View Post
    The Community Reinvestment Act was passed under Carter to encourage loans to people who could not demonstrate an ability to repay the loans. It was pretty well ignored by everyone until the Clinton era, when banks suddenly found that the only way for them to get permission to open a new branch office was to demonstrate compliance with the CRA. So, thanks to pressure from Jackson, Sharpton, ACORN, Frank and Dodd, the regulators forced the banks to make loans to people who couldn't repay them. Fortunately for the banks, Fannie & Freddie were standing by to make sure the taxpayers paid the bill.

    If you haven't seen the proof yet, I doubt you have been looking.
    I don't suppose you have a link to back up that claim, now, would you?

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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by Diogenes View Post
    The Community Reinvestment Act was passed under Carter to encourage loans to people who could not demonstrate an ability to repay the loans. It was pretty well ignored by everyone until the Clinton era, when banks suddenly found that the only way for them to get permission to open a new branch office was to demonstrate compliance with the CRA. So, thanks to pressure from Jackson, Sharpton, ACORN, Frank and Dodd, the regulators forced the banks to make loans to people who couldn't repay them. Fortunately for the banks, Fannie & Freddie were standing by to make sure the taxpayers paid the bill.

    If you haven't seen the proof yet, I doubt you have been looking.
    Hhmm… pressure from Jackson, Sharpton, ACORN.Are you sure it wasn’t bushes fault as well? After all, he said this in this speech he made at the St. Paul AME Church in Atlanta, Georgia in 2002.”

    "We certainly don't want there to be a fine print preventing people from owning their home”.
    And what we've got to do is to figure out how to make sure these stories are repeated over and over and over again in America. Three-quarters of White America owns their homes. Less than 50 percent of African Americans are part of the home-ownership in America, and less than 50 percent of the Hispanics who live here in this country own their home. And that has got to change for the good of the country; it just does.
    I don’t think that Jackson or Sharpton, are a representative from acorn was in the audience.


    George W. Bush: Remarks at St. Paul AME Church in Atlanta, Georgia
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by donc View Post
    Hhmm… pressure from Jackson, Sharpton, ACORN.Are you sure it wasn’t bushes fault as well? After all, he said this in this speech he made at the St. Paul AME Church in Atlanta, Georgia in 2002.”





    I don’t think that Jackson or Sharpton, are a representative from acorn was in the audience.
    ACORN and many other community groups were involved and, by pressuring banks who had to comply with the CRA to buy other banks open branches, etc, were allowed to set-up a lot of loans to people despite economic indicators that otherwise might have prevented the placement of the loan. On the other hand, Bush, once he had the chance, weakened the law quite a bit.

    I believe there is ample evidence that the CRA, as ammended by Clinton, was responsible for some of the mortgage mess. There were, of course, a lot of other factors invovled. The CRA was but one.
    Last edited by buck; 11-10-10 at 12:38 AM.

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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by buck View Post
    ACORN and many other community groups were involved and, by pressuring banks who had to comply with the CRA to buy other banks open branches, etc, were allowed to set-up a lot of loans to people despite economic indicators that otherwise might have prevented the placement of the loan. On the other hand, Bush, once he had the chance, weakened the law quite a bit.

    I believe there is ample evidence that the CRA, as ammended by Clinton, was responsible for some of the mortgage mess. There were, of course, a lot of other factors invovled. The CRA was but one.
    Then let's see this "ample evidence."

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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by Boo Radley View Post
    That's a generalization. True, in some cases unions have gotten corrupt and did poor jobs. But remember what working conditions were before unions. There's no doubt that unions gave voice to the working man and allowed him to make changes he could not have made alone.

    Again, I don't belong to a union. Never have. But I've read history, and understand how this all works. Employers are not always good to those who work for them, and the imbalance of power often has led to abuses in the past that were tragic for working people. Unions help change that, and part of that was voting for people who were really concerned with working man issues, too often democrats.
    Yeah, in the early 1900's, but things have changed in part for the better due to what unions did in the BEGINNING, but that benefit is long over and union are just out for themselves now.
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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by Birdzeye View Post
    Then let's see this "ample evidence."
    As Diogenes said, "If you haven't seen the proof yet, I doubt you have been looking." I have no desire to waste my time trying to prove something to someone that is most likely ignoring it on purpose. If Dio wants to go down the pointles path he has my condolences.

    I'll just post a prior thread on this topic and be pretty well done with it:

    http://www.debatepolitics.com/archiv...ng-crisis.html
    Last edited by buck; 11-10-10 at 10:39 AM.

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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by American View Post
    Yeah, in the early 1900's, but things have changed in part for the better due to what unions did in the BEGINNING, but that benefit is long over and union are just out for themselves now.
    Really? What do you think would happen if the employee vioce was lost, done away with, and we returned? It is easy to say it is not needed while it is still here. But without a collective voice, the advantage changes rather quickly.

    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.

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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by Boo Radley View Post
    Really? What do you think would happen if the employee vioce was lost, done away with, and we returned? It is easy to say it is not needed while it is still here. But without a collective voice, the advantage changes rather quickly.

    Not much...

    In 2009, the union membership rate--the percent of wage and salary
    workers who were members of a union--was 12.3 percent, essentially
    unchanged from 12.4 percent a year earlier, the U.S. Bureau of Labor
    Statistics reported today.

    Union Membership (Annual) News Release

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    Re: AARP Raises Costs for Employees' Insurance Plans

    Quote Originally Posted by j-mac View Post
    Not much...




    j-mac
    And that answers what would happen if there were no unions? How?

    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.

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