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Originally Posted by wowitsdark  | Yep. . .I posted this in another thread: Quote:
Originally Posted by hambirg And BINGO!!!! We have a winner! One deregulatory measure that is lacking from anybody’s plan is a sharp cutback or outright elimination of the Community Reinvestment Act (CRA), which essentially puts a gun to the head of all lenders unless they issue mortgages to various minority groups, low-income folks, and both legal and illegal immigrants. Lenders out of compliance would be penalized as regulators would disallow any new business plan for mergers, acquisitions, or new products. Community groups like Acorn could rat out lenders by showing data to the regulators who then would step into action. Kudlow's Money Politic$: Is Bush Embracing the Dodd-Frank Sub-Prime Bailout Plan? | Just wanted to point out something McCain said in his RNC speech: Quote:
I've fought corruption, and it didn't matter if the culprits were Democrats or Republicans. They violated their public trust, and they had to be held accountable.
I've fought the big spenders...I've fought the big spenders in both parties, who waste your money on things you neither need nor want, and the first big-spending pork-barrel earmark bill that comes across my desk, I will veto it. I will make them famous, and you will know their names. You will know their names.
| I guess we're starting to know their names. . . .Dodd. . Barney Frank . . .
Barney Frank had this to say in 2003: "These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis, the more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."   
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"No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?"
- George Orwell Animal Farm
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09-26-2008, 07:35 PM
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