Citibank Gets $306 Billion
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Citibank Gets $306 Billion
| Mon, 11-24-2008 - 1:21am |
Detroit needs to hurry up and come up with a plan.
| Mon, 11-24-2008 - 1:21am |
Detroit needs to hurry up and come up with a plan.
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"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?
Institutions were not required to make risky loans:
Sopal
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"The CRA did not require the loans."
LOL
"The CRA required depository instititutions to make available loans in the communities where they accepted deposits.
"Institutions were not required to make risky loans:"
Yes, they were.
Sopal
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"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.
<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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"It was not obvious to me, so that is why I requested you highlight the actual portions.
Sopal
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"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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