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: 03-25-2007
Mon, 12-01-2008 - 7:42pm

There was so much "guilt" to go around, but the existence of CRA didn't create our current problems.

Sopal

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iVillage Member
Registered: 03-25-2007
Mon, 12-01-2008 - 8:17pm

You were asserting that the CRA was responsible for this mess.

Sopal

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iVillage Member
Registered: 11-22-2008
Tue, 12-02-2008 - 12:41am

"Do you have any support for that?

iVillage Member
Registered: 03-26-2003
Tue, 12-02-2008 - 2:34am
Ack!
iVillage Member
Registered: 11-22-2008
Tue, 12-02-2008 - 3:57am

"You were asserting that the CRA was responsible for this mess.

iVillage Member
Registered: 11-22-2008
Tue, 12-02-2008 - 3:58am

"Actually, Bear Sterns and Lehman Brothers didn't issue subprime mortgages themselves."


I've not looked, but believe you are correct about these two banks specifically.

iVillage Member
Registered: 11-22-2008
Tue, 12-02-2008 - 4:28am

"I cannot understand how Walmart could have such a sale with a growing crowd awaiting opening and not have had security guards

iVillage Member
Registered: 03-26-2003
Tue, 12-02-2008 - 5:33am

Making funding available for minority borrowers does not mean that banks should abandon sound lending practices, which is what they did.

BTW, does anyone know how mortgage brokers were able to operate? Why were they not regulated at all (or so it seems)?

iVillage Member
Registered: 03-25-2007
Tue, 12-02-2008 - 10:36am

The CRA is a law not a lending institution.

Sopal

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iVillage Member
Registered: 03-25-2007
Tue, 12-02-2008 - 10:39am
You are trying to compare apples to bicycles.

Sopal

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