Obama Urges Banks to Make Home Loans to People With Weak Credit... Again??

[Truthmatters]

Dear idiots,


we now have bank broker rules

 

[Truthmatters]

Timing and Temporary Exemption
As adopted, Regulation R provides banks with a transitional exemption until the first day of their first fiscal year commencing after Sept. 30, 2008. This will give banks time to make any necessary changes in their systems and compliance programs and should ensure that banks have time to come into compliance with the Exchange Act provisions relating to the broker definition. This exemptive rule will become effective on the date that the Commission's current order expires, Sept. 28, 2007.



those rules were implimented and then the banks could no longer keep the lid on the mess they created.

The banks cant do it again

 

[Truthmatters]

The brokers would jrefuse to sell the tainted securities for fear of losing their carreers

 

[LordBrownTrout]

Broker rules mean nothing.

 

[Katzndogz]

If there is one thing obama does well, it's get companies to fail.

 

[Truthmatters]

see what stupid you create by lying about the real facts

 

[Truthmatters]

Broker rules mean nothing.

says the clown who was caught with his pants down the day the crash started

 

[BlindBoo]

Apparently Obama wants banks to do exactly the same thing that cause the housing crash in the first place.

Can you Democrats spin this into a positive light?

Obama administration pushes banks to make home loans to people with weaker credit - The Washington Post

Really? He wants banks and other lenders to sell ARM on overpriced houses to dupes who could never afford the payments after the rate adjusts upward and then sell these Toxic Mortgages to large banks who in term will bundle them into Mortgage backed securties to sell as A+ to the entire world? Or does he just want to assure the banks that as long as the borrowers meet government standards, the bank will not face legal or financial recriminations?

That was where the original problem originated. History repeating itself.

I disagree. The origin was the selling of the Mortgage backed securities that were given an A+ rating when in fact they were toxic.

 

[tjvh]

Dear idiots,


we now have bank broker rules

You calling people idiots is absolutely hilarious!!!

 

[tjvh]

Broker rules mean nothing.

says the clown who was caught with his pants down the day the crash started

Bill Clinton.

 

[Meister]

How many sub prime were written?

how many did CRA require to be written?


I did answer you your just so dishonest and or stupid you cant see it

Here you go.

New Study Blames Community Reinvestment Act For Mortgage Defaults - Investors.com

You may exit the thread now.

Paul Sperry - Wikipedia, the free encyclopedia


written by a con.


now go get the actual study and we will go over it and see whsat it REALLY says mmmkay?

Hmmmm.....who to believe...Wiki, or Investors Business Daily?
Sorry, TM....you lose....again

 

[Wry Catcher]

Apparently Obama wants banks to do exactly the same thing that cause the housing crash in the first place.

Can you Democrats spin this into a positive light?

Obama administration pushes banks to make home loans to people with weaker credit - The Washington Post

The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.

It makes sense to allow persons whose credit suffered due to the Bush Recession to refinance their homes which are underwater. Would you find it better if they simply walked away? Statistics show that many young adults who would like to own their own home are still living with their parents. Because they may carry considerable debt, in terms of student loans, they cannot qualify as good risks. This population too would benefit from easier credit, aiding the home industry in its recovery.

Fraud was the big reason housing took the big dump it did. If lenders tried the same shit this time around no one would bail them out (and today many of the too big to fail are bigger).

 

[Truthmatters]

Here you go.

New Study Blames Community Reinvestment Act For Mortgage Defaults - Investors.com

You may exit the thread now.

Paul Sperry - Wikipedia, the free encyclopedia


written by a con.


now go get the actual study and we will go over it and see whsat it REALLY says mmmkay?

Hmmmm.....who to believe...Wiki, or Investors Business Daily?
Sorry, TM....you lose....again

dear idiot,

Im debunking the source the fool used.

are you suggesting wiki is lying about the guy?

then prove it with FACTS

 

[Meister]

You just don't lend money to a poor credit risk, we should have learned this....it hasn't been that long ago and we're still recovering from the effects from the last time.
Seems that TM's messiah is trying to keep middle America down and she's following along just like the tool she is.

 

[LordBrownTrout]

Broker rules mean nothing.

says the clown who was caught with his pants down the day the crash started

O voted for TARP. I was against bailing the banks out.

 

[Truthmatters]

tarp saved us from the mess the banks created you idiot

 

[Meister]

Paul Sperry - Wikipedia, the free encyclopedia


written by a con.


now go get the actual study and we will go over it and see whsat it REALLY says mmmkay?

Hmmmm.....who to believe...Wiki, or Investors Business Daily?
Sorry, TM....you lose....again

dear idiot,

Im debunking the source the fool used.

are you suggesting wiki is lying about the guy?

then prove it with FACTS

Business Investor's is hardly a fool's source, TM, on the other hand Wiki in the past has been just that. So try not to be so ignorant

 

[LordBrownTrout]

You just don't lend money to poor credit risk, we should have learned this....it hasn't been that long ago and we're still recovering from the effects from the last time.
Seems that TM's messiah is trying to keep middle America down and she's following along just like the tool she is.

You idiot. TM is trying to learn you something.

 

[Truthmatters]

Dear idiots,


we now have bank broker rules

You calling people idiots is absolutely hilarious!!!

you providing nothing but silly insults in the face of reems and reeems of facts provided by me is typical

 

[Truthmatters]

Tell me how much of the sub primes was refis?