Sorry for not being specific with my “grades”. Just ran out of time. Hope you can figure out the good ones from the bad ones. Some good ones are really good ones. Sorry again.

http://www.cato.org/pubs/regulation/regv17n4/vmck4-94.pdf

Coles Notes version:
JC enacted the CRA which prevented regulated financial institutions from denying loans to be based solely on their address (see redlining) and not based on their ability to pay.

The CRA was tweaked, over the years and, in fact, the changes were counter productive to it’s own objectives.

The CRA never (and really couldn’t) required that regulated financial institutions make loans to unqualifed borrowers.

vivo: Oct 10, 2008 – 2:57 am
Well, thanks, I guess.
For me, the only purpose in posting ideas is to further discussion. I don’t fear criticism, negative or positive, as long as it is based on logic and is explained.
What you believe may be good or bad furthers nothing which only raises the question what is your intent? To give grades?

You have some very good ideas and some bad ideas. Your effort is commendable.

“I didn’t read what Michelle had to say about Nevada. I’d only heard (middle of the nite for me) hours earlier on FOX that a number of voter applications (5) had been filled out for a Monica Roy, I think was the woman’s name. I assumed they were from the Nevada raid, and Michelle was reporting on it.”

Re: NV. Malkin’s own post showed that ACORN NV was a)checking all registrations employees provided. All duplicates were separated along with the name of the canvasser responsible. They fired employees who didn’t respond to the warnings about substandard production and those providing bogus registrations. NV officials chose to do nothing about the batch of bogus registrations ACORN provided in Nov 2007.

I did stumble upon another post of Malkin’s where she identified the purpose of her “crackhead” post was to show that “inmates were rising up the ranks of ACORN”

This is just as bad as the original post that was simply inflammatory. The inmates were, obviously, suitable for day leave. What should ex-inmates do?
a) be prevented from gainful employement, to learn skills and become productive members of society and continue criminal activities and remain a drag on us?, or
b) be permanently incarcerated which means we pay for all of their living requirements for the rest of their lives?
In my city, there is a print shop (architectural prints, custom graphics…)that is over 30 years old. The founder only hired ex-convicts because he was one himself and he knew how difficult it was to get back in to society. Now, the owner has retired and sold the business to the ex-convict employees who continue the tradition.
It is the best place in town to get that kind of work done: excellent service, good prices and quick to make good any screw-ups.

For Malkin to express anything that suggests ex-convicts should continue to suffer (even though they have paid for their crimes) is not only inhumane, but not even smart.

Her illegal immigrant article clearly expresses the view that illegal immigrants are at fault.

“And I’m sure you’ve misread where she places the blame for our economic crisis. You might want to follow what’s been reported in other articles at PJM on the Fannie/Freddie fiasco and Barney Frank, Chris Dodd, Chuck Schumer and Maxine Waters who counseled Republicans to “never mind, these institutions aren’t in trouble” when McCain and Bush and others sounded the alarm.”

As I said earlier: This problem is not the result of just one party. Yes, I agree that the above named are complicit, but McCain spearheaded a deregulation that promoted the sale of these MBS’s which caused Fannie/Freddie to get where they are, Cox did not fill a position required to montior one of the few regulations that would have, at least, flagged the problem earlier. Clinton did urge lenders to try and accommodate sub-prime borrowers. When the entire financial industry realized that there was money to be made simply by getting loans out the door (regardless of the borrowers capacity) all hell broke loose.

As said, no one of any of these actions alone could have created this situation (I’ve spent a great deal of time looking into this), but if you remove the specific names, labels from the cast of characters a law enforcement investigation might wonder about collusion. I’d bet anything against that notion.

If we recognize the reality of events and understand that a sheer coincidence of timing was involved, perhaps we can just move on and spend the effort fixing the problem and setting whatever regulations are needed to avoid a reoccurence. I don’t care whether a republican or democrat is president. The problem needs to be fixed.

“There are some links to videos that show the development of this crisis from its inception with the Community Redevelopment Act. I have an idea you won’t believe, though, what your eyes and ears tell you.”

I always believe my eyes and ears and never imagine that a speaker/writer means anything other than what the originator intends.

I’ll see what I can find re your above links.

As I’m hearing the news now, HUD has discovered that 5M illegal aliens have loans headed to foreclosure. The lending institutions who provided these loans shouldn’t have.

What a mess, and neither candidate is really addressing this problem in a serious way!

I didn’t read what Michelle had to say about Nevada. I’d only heard (middle of the nite for me) hours earlier on FOX that a number of voter applications (5) had been filled out for a Monica Roy, I think was the woman’s name. I assumed they were from the Nevada raid, and Michelle was reporting on it.

Tonight, Michelle posted an update: “ACORN Watch. When It Rains It Pours” — you might want to read about what has been discovered in the following states: Missouri, Connecticut, Wisconsin, Ohio, Indiana. Or you can watch her discuss these findings on FOX about 8:00AM tomorrow.

I hope to be awake – tho I’m six hours behind the east coast – to listen. I’ll be glad when this campaign is over and I can return to normal hours! I’m sorry you think so little of her work. Many of us admire what she’s accomplished over the years.

And I’m sure you’ve misread where she places the blame for our economic crisis. You might want to follow what’s been reported in other articles at PJM on the Fannie/Freddie fiasco and Barney Frank, Chris Dodd, Chuck Schumer and Maxine Waters who counseled Republicans to “never mind, these institutions aren’t in trouble” when McCain and Bush and others sounded the alarm.

There are some links to videos that show the development of this crisis from its inception with the Community Redevelopment Act. I have an idea you won’t believe, though, what your eyes and ears tell you.