Who will become the next Senator from Delaware? (user search)
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  Who will become the next Senator from Delaware? (search mode)
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Author Topic: Who will become the next Senator from Delaware?  (Read 31981 times)
Nutmeg
thepolitic
Sr. Member
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Posts: 2,926
United States Minor Outlying Islands


« on: September 16, 2010, 07:09:24 PM »
« edited: September 16, 2010, 07:13:18 PM by Nutmeg »

We know how banks were intimidated into giving mortgages to individuals that couldn't afford them, and where that led.

Yes, during the Clinton and Bush years, and it was hardly through intimidation.  The banks sought a quick buck, and that backfired on the entire economy.  Oops!
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Nutmeg
thepolitic
Sr. Member
****
Posts: 2,926
United States Minor Outlying Islands


« Reply #1 on: September 16, 2010, 07:34:02 PM »

We know how banks were intimidated into giving mortgages to individuals that couldn't afford them, and where that led.
Yes, during the Clinton and Bush years, and it was hardly through intimidation.  The banks sought a quick buck, and that backfired on the entire economy.  Oops!
http://en.wikipedia.org/wiki/Community_Reinvestment_Act

But redlining clearly was a problem.  Different issue to ban certain kinds of categorical discrimination, and not just financial means, than banks issuing loans to anyone who would walk through the door from the 1990s until about 2 years ago.
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