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| Without government, who would investigate the government and conclude the government did nothing wrong? | |
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| Tweet Topic Started: Apr 12 2016, 10:43 PM (313 Views) | |
| estonianman | Apr 12 2016, 10:43 PM Post #1 |
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Did the Community Reinvestment Act (CRA) contribute to foreclosures and the financial crisis? And, is the CRA being reformed?
Edited by estonianman, Apr 12 2016, 10:44 PM.
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| MEEK AND MILD | |
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| Robert Stout | Apr 13 2016, 12:46 AM Post #2 |
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The government facilitated people buying homes during the bubble in which they had neither the desire or ability to pay for them...Later, I remember a cleaning lady complain the bank was taking HER $500,000 home...She never had made a payment...Liar loans and "subprime" mortgages eventually led to banks being bailed out by the taxpayer...Not so much for the borrowers.........
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| Jesus can raise the dead, but he can't fix stupid | |
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| clone | Apr 13 2016, 06:01 PM Post #3 |
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Director @ Center for Advanced Memetic Warfare
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Only liberals can choose not to go down the road to widespread, systematic violence. | |
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| estonianman | Apr 14 2016, 01:20 AM Post #4 |
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This forum could do well to learn the true anatomy of a crisis and recognize the 2007 crash to be a failure of government |
| MEEK AND MILD | |
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8:24 PM Jul 10