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Barney Frank
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<blockquote data-quote="av8torntn" data-source="post: 910337" data-attributes="member: 8259"><p>I actually brought up several reasons. I showed a disclosure from the government mortgage agencies showing they were backing many subprime loans, showed a video of the HUD secretary bragging about forcing banks to make high risk loans, showed a quote from the president(Obama) claiming subprime loans were good, and linked to the regulation in the CRA that showed the goal was to get banks to make bad(loans to low income people) loans. I ask again why are you fixated on the CRA? By everyones account is was just a piece of the puzzle or even just a stepping stone. Even by your own links at the worse case they could come up with was the 4% of minorities were turned down for loans that would not have been if they had lived in another area. Even if your big government forced everyone of these loans and they all defaulted that would not account for the drastic rise in default. So why do you not want to share the reason for your fixation with the CRA?</p></blockquote><p></p>
[QUOTE="av8torntn, post: 910337, member: 8259"] I actually brought up several reasons. I showed a disclosure from the government mortgage agencies showing they were backing many subprime loans, showed a video of the HUD secretary bragging about forcing banks to make high risk loans, showed a quote from the president(Obama) claiming subprime loans were good, and linked to the regulation in the CRA that showed the goal was to get banks to make bad(loans to low income people) loans. I ask again why are you fixated on the CRA? By everyones account is was just a piece of the puzzle or even just a stepping stone. Even by your own links at the worse case they could come up with was the 4% of minorities were turned down for loans that would not have been if they had lived in another area. Even if your big government forced everyone of these loans and they all defaulted that would not account for the drastic rise in default. So why do you not want to share the reason for your fixation with the CRA? [/QUOTE]
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