Moderator's Warning: Guys, the name calling and personal comments need to end, and end now.
you know what's odd?
obama LAUNCHED his reelection campaign ON THE SAME DAY his administration declared it would leave GITMO exactly as it is and try KSM in a TRIBUNAL there
what else has been going on recently, simultaneous with barack hussein's fine foray?
bernanke was forced to disclose via FREEDOM OF INFORMATION requests which he successfully STONEWALLED for two years that multi TRILLIONS of TARP went to FOREIGN entities
the dhs INSPECTOR GENERAL reported that the dept's POLITICAL SCREENING of foia app's was UNPRECEDENTED and WRONG
barack hussein was awared a TRANSPARENCY award in the white house and the PRESS AND PUBLIC WERE EXCLUDED
his BUDGET TALKS with the opposition are in COLLAPSE
his budget PROPOSAL is all PUNT
in stark contrast to the gop budget chair's BOLD bid
and don't forget, it was only a few months ago he SURRENDERED just days before they were set to expire the BUSH TAX CUTS
FOR THE RICH!
his TIMING could hardly be more EXQUISITE, you must admit
good luck in your campaign against FORUMS MEMBERS
and HERBERT HOOVER
i mean that
I see, according to you, banks did anything the community groups wanted them to do. That thinking is a divorce from reality, seriously you think the actions of low income people are going to change the policies of the powerful banking industry?Next when you say the CRA has nothing to do with the financial crisis you are stretching the truth, *The CRA is enforced by four federal government bureaucracies: the Fed, the Comptroller of the Currency, the Office of Thrift Supervision, and the Federal Deposit Insurance Corporation. The law is set up so that any bank merger, branch expansion, or new branch creation can be postponed or prohibited by any of these four bureaucracies if a CRA "protest" is issued by a "community group”
Such groups include Neighborhood Assistance Corporation of America. Who boosted to the*New York Times*that they had "won" loan commitments totaling $3.8*billion*from Bank of America, First Union Corporation, and the Fleet Financial Group. And that is just one "community group" operating in one city — Boston.
Other groups like ACORN"community groups" understand this perfectly well. It is their leverage. They use this leverage to get the banks to give*them*millions of dollars as well as promising to make a certain amount of bad loans in their communities.
Now maybe in your liberal thinking, this isn't forcing a bank to make questionable loans, but when you can halt a banks expansion plans simply by forming a protest, if you don't agree to make these very same questionable loans, it can be considered "forcing" in the minds of those that think reasonably.
The CRA most certainly can have some of the blame put upon them, for some of the lending practices that the banks adopted to keep any community group from protesting them.
The point was Obama was not the only friend Fannie and Freddie had. They had plenty on the right, also. Luckily for the GOP, the American public's memory is as short as theirs. Those who can't remember history....
i remember jack kemp when he was the championship qb of the 64 and 65 bills
heck, i remember when sid gillman tried to sneak him thru waivers cuzza the broken right middle finger dole's veep candidate had to have fused in the permanent position of holding a ball
anyway, good luck running on kemp's mantra that the flat, failed f's are a...
what was it again?
oh, yeah---proven success
Capital Gain and Dividend Tax Rates Poised to Rise
But the real change will be the increase in taxes paid on dividends. The maximum tax rate on dividends will head up to 39.6%. Even those in the lower tax brackets will pay 15% or 28% on dividends. For those folks, the change from 0% will be a pretty hard hit on real returns.