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- Mar 17, 2014
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Nonsense. This is an old, thoroughly discredited republican/conservative argument that has been analyzed, and debunked by several non-partisan academic studies. In fact, EVERY non-partisan analysis of the CRA's actual impact on the market crash under Bush has reached the same conclusion. Here's the one from the FED::lamo
Thanks for your personal opinion...again. Unfortunately, you keep proving that you really don't understand the difference between FACTS, and your personal, partisan, rightwing opinions. So let's just say...NO, that is NOT the definition of a partisan. Your feelings-though they are clearly all-important to you- are meaningless to any other rational, intelligent person.
More meaningless, self-serving drivel. You are clearly a right-wing ideologue. You clearly support right wing politicians. You are clearly a Trump apologist who (at the very least) tolerates (if not supports) his ignorant, bigoted rhetoric and racist policies. The rest is semantics, from you.
I care about my conservative philosophy and support any politician who campaigns on and governs by it. And like it of not, The community reinvestment act signed into law by Carter and abused by democrat politicians tasked with oversight was the cause of the Mortgage Market collapse.
Assessing the Community Reinvestment Act's Role in the Financial Crisis
The bottom line here is this: The CRA was NOT a major factor in the Bush Recession. The single greatest factor was the repeal of Glass-Steagall, which deregulated the banks (among other things). That is not arguable. So please, stop trying. You won't fare well.
Facts are stubborn things. The difference between us is clear. You rely on conservative propaganda and right wing talking points that you KNOW you can't back up. If you had the facts to buttress the almost religoius-held feelings and opinions you express on this board...you'd have posted some by now. But you don't...because you can't. On the other hand, I simply post facts, and back them up. That, too, in simply not arguable.
Enjoy your weekend.[/QUOTE]
Big yawn......