Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
Barney Frank
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Jones" data-source="post: 909460" data-attributes="member: 4805"><p>That's not my definition, its the financial world's definition:</p><p>That's what everyone else means when they talk about sub prime loans. If <em>someone</em> is making up definitions to fit their arguments, it's not me <img src="/community/styles/default/xenforo/smilies/FeltTip/wink.png" class="smilie" loading="lazy" alt=":wink2:" title="Wink :wink2:" data-shortname=":wink2:" /></p><p></p><p>You didn't provide a link to the Boston Fed study you cited so I had to google it. Not sure if <a href="http://www.bos.frb.org/economic/wp/wp1992/wp92_7.pdf" target="_blank">this is the one</a> you're talking about:</p><p></p><p>FYI - The CRA was passed in 1977 and that study was done in 1992 so even if it did show that redlining was non-existent that would be evidence that the CRA was working as intended, at least in the Boston area which was the only area that study looked at.</p><p></p><p>I'm still waiting for someone to quote the CRA regulations that forced banks to make loans to high risk individuals, or link to some empirical data showing that CRA subprime loans defaulted at a significantly higher rate than non CRA subprime loans.</p></blockquote><p></p>
[QUOTE="Jones, post: 909460, member: 4805"] That's not my definition, its the financial world's definition: That's what everyone else means when they talk about sub prime loans. If [I]someone[/I] is making up definitions to fit their arguments, it's not me :wink2: You didn't provide a link to the Boston Fed study you cited so I had to google it. Not sure if [URL="http://www.bos.frb.org/economic/wp/wp1992/wp92_7.pdf"]this is the one[/URL] you're talking about: FYI - The CRA was passed in 1977 and that study was done in 1992 so even if it did show that redlining was non-existent that would be evidence that the CRA was working as intended, at least in the Boston area which was the only area that study looked at. I'm still waiting for someone to quote the CRA regulations that forced banks to make loans to high risk individuals, or link to some empirical data showing that CRA subprime loans defaulted at a significantly higher rate than non CRA subprime loans. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
Barney Frank
Top