Citibank Gets $306 Billion

iVillage Member
Registered: 03-25-2007
Citibank Gets $306 Billion
185
Mon, 11-24-2008 - 1:21am

Detroit needs to hurry up and come up with a plan.

Sopal

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iVillage Member
Registered: 11-22-2008
Tue, 12-02-2008 - 8:03pm

"If the CRA is not a lending institution (it isn't), why were you asserting that it was funding the loans?"


If you do not know anything about a topic, why bother to take a position in a debate about said topic?

iVillage Member
Registered: 03-25-2007
Tue, 12-02-2008 - 8:03pm

Institutions were not required to make risky loans:


Sopal

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iVillage Member
Registered: 11-22-2008
Tue, 12-02-2008 - 8:06pm

"The CRA did not require the loans."


LOL


"The CRA required depository instititutions to make available loans in the communities where they accepted deposits.

iVillage Member
Registered: 11-22-2008
Tue, 12-02-2008 - 8:08pm

"Institutions were not required to make risky loans:"


Yes, they were.

iVillage Member
Registered: 03-25-2007
Tue, 12-02-2008 - 8:23pm
Gosh...maybe you could point out the specific parts of the legislation that you think support your assertion that the CRA required the banks to make risky loans.

Sopal

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iVillage Member
Registered: 11-22-2008
Tue, 12-02-2008 - 8:37pm

"Gosh...maybe you could point out the specific parts of the legislation that you think support your assertion that the CRA required the banks to make risky loans.

iVillage Member
Registered: 03-25-2007
Tue, 12-02-2008 - 9:09pm

<Why should I waste my time pointing out the obvious?>


It was not obvious to me, so that is why I requested you highlight the actual portions.

Sopal

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iVillage Member
Registered: 11-22-2008
Tue, 12-02-2008 - 9:16pm

"It was not obvious to me, so that is why I requested you highlight the actual portions.

iVillage Member
Registered: 03-25-2007
Tue, 12-02-2008 - 9:40pm
You have said it is written in the legislation, I couldn't find it, so that is why I asked for you to highlight what sections/passages you interpreted to mean that.

Sopal

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iVillage Member
Registered: 11-22-2008
Tue, 12-02-2008 - 11:26pm

"So, while it was obvious to you, it wasn't obvious to me (and probably isn't obvious to others)."


No need to exagerate.

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