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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There was so much "guilt" to go around, but the existence of CRA didn't create our current problems.
Sopal
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You were asserting that the CRA was responsible for this mess.
Sopal
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"Do you have any support for that?
"You were asserting that the CRA was responsible for this mess.
"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.
"I cannot understand how Walmart could have such a sale with a growing crowd awaiting opening and not have had security guards
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)?
The CRA is a law not a lending institution.
Sopal
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Sopal
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