Community Development Bank
Why can’t Conservatives understand nobody forced the banks to make any loans these last 8 years?
The community reinvestment acts (under Carter – almost 30 years ago, lol!) and the Acorn lawsuits only had to do with community development. The lawsuit was a civil suit because banks were not making loans to people with the SAME qualifications as in suburban areas.
The banks have been lending money to anybody with a pulse for 8 years now due to the repeal of the Glass-Steagal Act which was done by the Republican Congress under Clinton. Clinton signed it under pressure of veto override.
The banks were telling loan agents to seek people out with bad credit because they could repossess the houses and sell them at a profit – that’s called pretatory lending.
The Congress met in 2003 and 2004 to try and STOP the banks from lending to unqualified buyers! The BANKS REFUSED!!!
This is just a convenient fantasy that anybody forced the banks to make loans – it’s just not true, and any loans made under these laws in the start of Bush’s term were a ridiculously low percentage.
The act has been amended and updated a dozen time since Carter.. trying to pass it off as “amost 30 years ago, lol!” shows how ignorant you are about it.
It was not about loans to people with the “same” qualifications, it was about making loans to people who wouldn’t otherwise have qualified.
And no, your idea of what predatory leanding is shows even more ignorance on your part. Predatory lending involves getting people to borrow more than they need and including clauses which bump up the interest rates they’ll have to pay.
It’s idiotic to believe banks intentionally gave people loans so they’d default on them… because there would be NO profit in it. NONE. The bank was the one who paid for the house in the first place, selling it again would only recoupt PART of what they invested. stupid. stupid. stupid.
Amendments made in the past few years increased penalties for banks which did NOT lend enough to unqualified borrowers.
CRA was a MAJOR part of our economic problems, but certainly not all of it.
|
|
Total War: Shogun 2 Limited Edition $25.00 Shogun 2 is the ultimate refinement of the original formula with a new, cutting-edge AI, more polish and online functionality than ever before. The result is the perfect mix of real-time and turn-based strategy gaming that invites both veterans of Total War and new players to experience the enjoyment and depth of the series.Features include: •Choose from 9 different clans and compete online a… |
|
|
Leadership Roles and Management Functions in Nursing: Theory and Application (Marquis, Leadership Roles and Management Functions in Nursing) $13.99 Now in its Sixth Edition, this foremost leadership and management text incorporates application with theory and emphasizes critical thinking, problem solving, and decision making. More than 225 case studies and learning exercises promote critical thinking and interactive discussion.Case studies cover a variety of settings, including acute care, ambulatory care, long-term care, and community health… |
|
|
Development Across the Life Span (5th Edition) $21.45 Development Across the Life Span (5th Edition) [Hardcover] by Feldman, Robert S…. |
|
|
Beyond Heroes and Holidays: A Practical Guide to K 12 Anti Racist, Multicultural Education and Staff Development $28.00 This award winning interdisciplinary guide for teachers, administrators, students, and parents offers lessons and readings that show how to: ~ Analyze the roots of racism ~ Investigate the impact of racism on all our lives, our families, and our communities ~ Examine the relationship between racism and other forms of oppression such as sexism, classism, and heterosexism ~ Learn to work to disma… |
|
|
High Quality KD dance Arm Warmers, Made In USA, Durable & Soft On Skin Stretch Knit with Thumb Hole, Cell Phone Texting Chic, Made In New York City USA, Color New York Black Available Via Amazon From warmth to style KD dance Arm Warmers are the perfect choice for dancers to those who appreciate quality knit wear. Accent your hand and arm expressions whether on the Dance floor or making a point while convasating. Soft, comfortable and made to last, these arm warmers feel like second skin, featuring a thumb hole so they stay in place over your hand when putting on a jacket or of course danc… |
|
|
V Neck Sexy Dance Party Dress by KD dance, Comfortable, Chic & Unique, Fashionable & Durable, Made in New York City USA Worn alone or with leggings there are countless looks and uses for the KD dance Classic Knit Ballet Neck Dress. A fantastic piece for chilling to dance classes or instant sexy cocktail dress sure to turn heads. Comfortable, free flowing and fashionable, you are sure to put this to good use. KD dance knits are crafted to stretch, flow and accent your curves and unique sense of living in the moment… |
|
|
Yoga Tart Pure Color Stretch Knit V Neck Yoga Top & Yoga Tight Outfit, Sexy, Soft & Fashionably Sweet, Durable High Quality, Made In New York City USA Pure Color matching Yoga Tart Set of Stretch Knit V Neck Top & Stretch Knit Low Rise Tights. Our fabric is blended to stretch, flow and accent your curves and unique sense of living in the moment beauty. Perfect for dance, yoga or looking and feeling good. Our Gauze like knit makes our clothing customizable to create looks all your own. Practice Yoga Daily and Stay Yoga Tart Sweet For Life. Sizes… |
|
|
Denim Sexy Two Piece Stretch Knit Low Rise Tights & Ballet Neck Top Outfit by KD dance, Sexy, Smart & Healthy, Sophisticated & Cozy, Soft & Warm, Made In New York City USA Matching dance, yoga or out & about outfit consisting of the KD dance Stretch Knit Ballet Neck Top & Stretch Knit Low Rise Tights. The KD dance Boat Neck Top is the most versatile top you will ever wear. It can be worn over the shoulder or instantly pulled down for an off shoulder look. Comfortable, Confident & always in style. KD dance fabric is blended to stretch, flow & accent your curves & un… |
|
|
Dance Workout Outfit by KD dance, Ballet Neck Tunic & Matching Stretch Knit Low Rise Tights, Dancer Chic, Soft, Cozy & Durable, Made In New York City USA From dance practice, yoga to winter urban chic our Ballet Neck Top Dress and matching Stretch Knit Ribbed Tights are an easy no brainer when merging function, comfort and effortless fashion that turns heads and garners compliments. Worn individually or together these items are as fashion versatile as they comfortable & durably made to last wash after wash. (Please see photos above to see individua… |