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Old 07-27-2012, 07:38 PM   #1
advabHixavoip

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Default The Community Reinvestment Act is back!
Do you remember that thing about how the banks wouldn't lend to blacks and Hispanics because they were racists? And do you remember how they passed the Community Reinvestment Act so that banks were forced to reduce down payments practically to zero and lend to a lot of people they knew were bad credit risks? And do you remember how Wall Street bundled all these risky subprime mortgage and sold them to investors around the world so that when it became clear that those people weren't going to be able to pay their mortgages banks everywhere were left holding the bag and all five of the Wall Street investment houses either went under or had to be bailed out by the federal government?

http://spectator.org/archives/2012/0...the-housing-cr

They're DOING IT AGAIN!!!!
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Old 07-27-2012, 10:22 PM   #2
GeorgeEckland

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http://youtu.be/5HKAuaU5VlE
~~~~~~~~~~~~~~~~~~~~~~~~~~~~


THE END OF THE MONEY ECONOMY?

WILL I HAVE TO CARRY CIGARETTES TO BUY

DAY TO DAY STUFF?
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Old 07-28-2012, 12:52 AM   #3
neotheMit

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HA HA HA HA AH AHA HA HA AH AH AH AHA HA HA AH AHAHA A A HAHA AHAH OH HELLL HA HA HA HAHA AHAH AHA HA A AHA HAA HTHE GOY ARE TAKING IT IN THE ASSHOLE ! HA HA HA HA HA AHHAHAHA AH AHA H AHAHA AHA HA HA
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Old 07-28-2012, 01:04 AM   #4
DraidodaRip

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Yes, believe it or not, the federal government is now starting another initiative to force banks to lend to low-credit-rated blacks and Hispanics -- not just anybody but specifically blacks and Hispanics -- and is threatening -- and already imposing -- huge punitive fines if they don't.

So if I want a loan the best thing I can do is put on some blackface and talk like a nigger or a spic. Hmmmm.....
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Old 07-28-2012, 03:31 AM   #5
Andrew1978

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http://youtu.be/5HKAuaU5VlE
~~~~~~~~~~~~~~~~~~~~~~~~~~~~


FIRE THE CONGRESS.
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Old 07-28-2012, 03:39 AM   #6
BeaseHoca

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This message is hidden because Kleinbok is on your ignore list.

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FAIL !
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Old 07-28-2012, 03:41 AM   #7
Avaindimik

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Yes, believe it or not, the federal government is now starting another initiative to force banks to lend to low-credit-rated blacks and Hispanics -- not just anybody but specifically blacks and Hispanics -- and is threatening -- and already imposing -- huge punitive fines if they don't.

So if I want a loan the best thing I can do is put on some blackface and talk like a nigger or a spic. Hmmmm.....
yeah.. basically.
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Old 07-28-2012, 03:43 AM   #8
Fiipolera

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http://youtu.be/5HKAuaU5VlE
~~~~~~~~~~~~~~~~~~~~~~~~~~~


GET SOME FALSE ID.... BUY A STRING OF HOUSES....


PUT WORKING GIRLS IN 'EM....


HIRE A GOOD RUNNER TO PICK UP THE CASH...
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Old 07-28-2012, 03:43 AM   #9
Shemker394

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Unbelievable!

Just kidding. It's totally believable.
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Old 07-28-2012, 03:44 AM   #10
PymnImmen

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http://youtu.be/5HKAuaU5VlE
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

GET DEES WORKING FOR YOU.
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Old 07-28-2012, 03:45 AM   #11
exchpaypaleg

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THE PIMP CAN PAY THE COPS AND A LAWYER...

UNDER HIS OWN NAME.
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Old 07-28-2012, 03:47 AM   #12
goctorsurger

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SAARA COULD RUN IT FOR YOU....

IF YOU HAD A FEW GUIDOS TO KEEP HER

IN LINE....
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Old 07-28-2012, 03:49 AM   #13
IRYzouNv

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http://youtu.be/5HKAuaU5VlE
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

C'MON.... LET'S GET BEHIND THE PRESIDENT AND MAKE

THIS KEYNESIAN/FASCIST THING WORK!
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Old 07-28-2012, 05:13 AM   #14
pissmanvd

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Stupid bastard america, BASTARDS!!!!!
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Old 07-28-2012, 05:29 AM   #15
FloareTraurne

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yeah.. basically.
I would love to try that with cameras rolling.
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Old 07-28-2012, 05:39 AM   #16
KirillAristov

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It was the high fuel costs during the summer of 2008 that caused a contraction in the economy.
Please remember that.
Everything was fine (on the surface) up until then.
Although the loans were risky, it wasn't until people were forced to choose between filling the tank and eating, or paying the mortgage that we got into trouble.
High fuel costs.
Economic contraction.
Job loss.
Real estate values plummet.
Mortgages collapse.

No, banks should not be forced into risky loans again, that's just plain stupid after having lived through this mistake once before.
And if you'll read that article you'll see that the Democrat fruitbat, Elizabeth Warren is behind this.
She's a clear and present danger to the Republic.
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Old 07-28-2012, 07:46 AM   #17
michael247

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Most african americans deserve a free home , remember the slavery thing ?
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Old 07-28-2012, 07:50 AM   #18
f29sXS07

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Sharecropper cabins and cotton fields.
Section 8 housing and a job at Micky D's.
Who's yo massa now?
Chumps.
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Old 07-28-2012, 07:59 AM   #19
mybooboo

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The 13th Amendment freed the slaves and then the 14th Amendment enslaved us all.
To the 14th colony, the District of Columbia.
And its territory known as the United States.
America changed at the Civil War.
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Old 07-28-2012, 08:17 PM   #20
fujitsusi

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This is "social justice" on a grand scale. Everyone knows the niggers and spics won't be able to repay the loans, and everyone knows the government won't let the banks fail. They won't let the banks evict the niggers and spics either.
Congratulations White America, you're about to buy Pablo and Dontavious a new house!
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