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Video: The Crisis of Credit Visualized

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avanti5/02/2009 6:27:01 pm PDT

re: #463 funky chicken

BS race card play.

CRA was about forcing banks to give money to people who could never and would never pay it back.

That’s not sustainable as a business model.

Not so, it just prevented “redlining” neighborhoods . Banks were asked to weigh credit worthiness of the individual borrower and not the neighborhood they lived in. Even if you thought it was based on giving minorities a better break, the loans were a small part of the problem regardless of what Rush and others are hyping.