Well, gee, the Community Reinvestment Act worked so well in the USA, why should the EU not use the same principle in dealing with Greece?

Indeed, why should Greece not receive even lower interest loans than the German standard based on its downtrodden status. After all is not Greece’s current situation not due in large measure to the devastation wrought by Italy and then Germany’s invasion of WWII?

Indeed, why not apply the CRA concept, which was so successful in increasing home ownership in the USA, to the health care industry? Isn’t that what Obama is trying to do? And note that the CRA has yet to be repealed and that efforts are being made to expand it.

LifeofMind # 4: “In any 2nd World (Communist) country the costs of failure are so high and the expectations are so irrational that managers are trained to submit false reports …”

Brings to mind a story from the old USSR. A factory was to deliver a piece of equipment to a Soviet military unit. They were running late so they just sent a message to Moscow saying that delivery had been made. The military unit got a copy of the message, said “Crap! Where is it? Anyone see it? Oh, no, we lost the thing already!” and sent a message to Moscow saying they had the item and it was working fine. The factory got a copy of the message and decided that there was no rush in making delivery since the military unit obviously had all they needed.