dreamdancer 0 #101 December 15, 2011 QuoteWhile favoritism or racism might have had some influence on giving out loans, I don't think it was overwhelming. except it was... (for year after year after year for anyone not white)stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
SkyDekker 1,141 #102 December 15, 2011 QuoteAnd when Fed.gov changes *their* standards, so does everyone else to try to keep competitive. Let me get this straight. Fed.gov forced state chartered banks to take on loans that were too risky. Then other financial institutions followed suit and voluntarily took on bad risk to be competitive? That is your suggestion? Quote Share this post Link to post Share on other sites
rushmc 18 #103 December 15, 2011 Quote Quote While favoritism or racism might have had some influence on giving out loans, I don't think it was overwhelming. except it was... (for year after year after year for anyone not white) silly"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
dreamdancer 0 #104 December 15, 2011 Quote Quote Quote While favoritism or racism might have had some influence on giving out loans, I don't think it was overwhelming. except it was... (for year after year after year for anyone not white) silly but true...stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
SkyDekker 1,141 #105 December 15, 2011 QuoteNot true The standards were being pushed on all banks The implied threat was that they would be audited more often and mergers (which were really going heavy at the time) would be held up or denied On all depository institutions. There are many, many, many mortgages being written by non-depository institutions. As a matter of fact they wrote about 50% of those subprime mortgages and are simply not governed or encumbered by the CRA. Quote Share this post Link to post Share on other sites
rushmc 18 #106 December 15, 2011 Quote Quote Quote Quote While favoritism or racism might have had some influence on giving out loans, I don't think it was overwhelming. except it was... (for year after year after year for anyone not white) silly but true... Yep It is true you are silly"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
rushmc 18 #107 December 15, 2011 QuoteQuoteNot true The standards were being pushed on all banks The implied threat was that they would be audited more often and mergers (which were really going heavy at the time) would be held up or denied On all depository institutions. There are many, many, many mortgages being written by non-depository institutions. As a matter of fact they wrote about 50% of those subprime mortgages and are simply not governed or encumbered by the CRA. didnt have to be governed but they are regulated they were affected and threated I posted the news stories months ago as the reports came out"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
mnealtx 0 #108 December 15, 2011 QuoteQuoteAnd when Fed.gov changes *their* standards, so does everyone else to try to keep competitive. Let me get this straight. Fed.gov forced state chartered banks to take on loans that were too risky. Then other financial institutions followed suit and voluntarily took on bad risk to be competitive? That is your suggestion? When Wal-Mart starts selling the same thing you stock at a 10 cent discount, you match the price or lose the business. That's simple economics.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
SkyDekker 1,141 #109 December 15, 2011 News stories on the internet, well that settles it then. Do you still have those links? Would like to see the evidence that I am sure is quoted in these news stories. Quote Share this post Link to post Share on other sites
rushmc 18 #110 December 15, 2011 QuoteNews stories on the internet, well that settles it then. Do you still have those links? Would like to see the evidence that I am sure is quoted in these news stories. On the other hand you are basicly saying that these lenders have no gov regulation to be held to Which is nuttier?"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
masterrig 1 #111 December 15, 2011 I've seen, basically that, during one of the 'oil booms', here in West Texas. In the early 1980's, from Lubbock to Del Rio and Southeast New Mexico. The money was flowing and if, you showed a pay-stub, you got a loan for anything. All the while, banks and loan companies knew what would come but they were going to get their money while they could. The inevitible 'bust' came and they were left with a huge number of notes they could never collect on. Chuck Quote Share this post Link to post Share on other sites
dreamdancer 0 #112 December 15, 2011 Quote Quote Quote Quote Quote While favoritism or racism might have had some influence on giving out loans, I don't think it was overwhelming. except it was... (for year after year after year for anyone not white) silly but true... Yep It is true you are silly by ignoring the racism that went on you are putting yourself in the racist camp...stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
rushmc 18 #113 December 15, 2011 Quote Quote Quote Quote Quote Quote While favoritism or racism might have had some influence on giving out loans, I don't think it was overwhelming. except it was... (for year after year after year for anyone not white) silly but true... Yep It is true you are silly by ignoring the racism that went on you are putting yourself in the racist camp... and the race card flies I was right You are being silly"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
masterrig 1 #114 December 15, 2011 Quote Quote Quote Quote Quote Quote Quote While favoritism or racism might have had some influence on giving out loans, I don't think it was overwhelming. except it was... (for year after year after year for anyone not white) silly but true... Yep It is true you are silly by ignoring the racism that went on you are putting yourself in the racist camp... and the race card flies I was right You are silly When in doubt... they whip it out! Chuck Quote Share this post Link to post Share on other sites
SkyDekker 1,141 #115 December 15, 2011 QuoteWhen Wal-Mart starts selling the same thing you stock at a 10 cent discount, you match the price or lose the business. That's simple economics. Right, but we are talking about supposed forced risk taking for part of an industry. Your example has absolutely nothing to do with that. It would be like the government forcing WalMart to do 25% of their business in low income neighbourhoods and then other retailers voluntarily follow suit. Quote Share this post Link to post Share on other sites
rushmc 18 #116 December 15, 2011 Just a desperate attempt to intimidate because they cannot debate honestly"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
mnealtx 0 #117 December 15, 2011 QuoteQuoteWhen Wal-Mart starts selling the same thing you stock at a 10 cent discount, you match the price or lose the business. That's simple economics. Right, but we are talking about supposed forced risk taking for part of an industry. Your example has absolutely nothing to do with that. It would be like the government forcing WalMart to do 25% of their business in low income neighbourhoods and then other retailers voluntarily follow suit. When Walmart *is* doing business in the low income neighborhoods (Fannie/Freddie) the rest *are* going to follow suit, yes.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
dreamdancer 0 #118 December 15, 2011 Quote Quote Quote Quote Quote Quote Quote While favoritism or racism might have had some influence on giving out loans, I don't think it was overwhelming. except it was... (for year after year after year for anyone not white) silly but true... Yep It is true you are silly by ignoring the racism that went on you are putting yourself in the racist camp... and the race card flies I was right You are being silly the race card was used by the whites - repeatedly. now do you deny the racism that went on - thus putting yourself in the racist camp? presumably yes...stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
rushmc 18 #119 December 15, 2011 Quote Quote Quote Quote Quote Quote Quote Quote While favoritism or racism might have had some influence on giving out loans, I don't think it was overwhelming. except it was... (for year after year after year for anyone not white) silly but true... Yep It is true you are silly by ignoring the racism that went on you are putting yourself in the racist camp... and the race card flies I was right You are being silly the race card was used by the whites - repeatedly. now do you deny the racism that went on - thus putting yourself in the racist camp? presumably yes... And the race card flies again Stttteeeeeeeerrrrriiiiikkkkkeee two"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
SkyDekker 1,141 #120 December 15, 2011 QuoteOn the other hand you are basicly saying that these lenders have no gov regulation to be held to Which is nuttier? Of course they have federal oversight. I stated that they are not governed by the CRA. It is the CRA that "forced" depository institutions to do business in certain neighbourhoods. Non-depository institutions were/are simply not part of the CRA. Further, there is some evidence out there stating that CRA mortgages did not perform any worse than conventional mortgages or other subprime mortgages. Quote Share this post Link to post Share on other sites
dreamdancer 0 #121 December 15, 2011 Quote Quote Quote Quote Quote Quote Quote Quote While favoritism or racism might have had some influence on giving out loans, I don't think it was overwhelming. except it was... (for year after year after year for anyone not white) silly but true... Yep It is true you are silly by ignoring the racism that went on you are putting yourself in the racist camp... and the race card flies I was right You are silly When in doubt... they whip it out! Chuck do you deny the racism that went on? thus also putting yourself in the racist camp...stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
masterrig 1 #122 December 15, 2011 QuoteJust a desperate attempt to intimidate because they cannot debate honestly You bet! Along with twisting of words and condescension thrown in. Chuck Quote Share this post Link to post Share on other sites
dreamdancer 0 #123 December 15, 2011 Quote Quote Quote Quote Quote Quote Quote Quote Quote While favoritism or racism might have had some influence on giving out loans, I don't think it was overwhelming. except it was... (for year after year after year for anyone not white) silly but true... Yep It is true you are silly by ignoring the racism that went on you are putting yourself in the racist camp... and the race card flies I was right You are being silly the race card was used by the whites - repeatedly. now do you deny the racism that went on - thus putting yourself in the racist camp? presumably yes... And the race card flies again Stttteeeeeeeerrrrriiiiikkkkkeee two you deny that racism went on. thus you put yourself in the racist camp. easy logic...stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
rushmc 18 #124 December 15, 2011 QuoteQuoteJust a desperate attempt to intimidate because they cannot debate honestly You bet! Along with twisting of words and condescension thrown in. Chuck Hey look! He is calling you a racist too!"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
rushmc 18 #125 December 15, 2011 Quote Quote Quote Quote Quote Quote Quote Quote Quote Quote While favoritism or racism might have had some influence on giving out loans, I don't think it was overwhelming. except it was... (for year after year after year for anyone not white) silly but true... Yep It is true you are silly by ignoring the racism that went on you are putting yourself in the racist camp... and the race card flies I was right You are being silly the race card was used by the whites - repeatedly. now do you deny the racism that went on - thus putting yourself in the racist camp? presumably yes... And the race card flies again Stttteeeeeeeerrrrriiiiikkkkkeee two you deny that racism went on. thus you put yourself in the racist camp. easy logic... You see, starting from a false premise just makes you look even more silly Show where I have ever stated that racism went on. At this point you would have a point to argue from Until then, you are just being silly"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
