Obama Boosts CRA Authority To Force Banks To Make Low-Income Loans

Quote from 124nic8 : Do you blame the "criminal" or the cop who fails to stop him?

You guys seem to blame the cop, when it suits.

Quote from Deusxmachina : Sounds kinda racist.

Do you think racism is the exclusive province of actions which are mitigation for past racism?

Quote from empiretc : You guys seem to blame the cop, when it suits.

The primary blame is always on the criminal. I blame the "cop" for failing to do his job when he knows what the criminal is doing and could have stopped it.

I blame both when the "criminal" bribes the cop to change the rules.

If the criminal was not screwing the public, the cop would not be necessary.

This won't blow up for a while and at that point, whomever is president will be blamed. Sounds familiar.....

Quote from andyfico : This won't blow up for a while and at that point, whomever is president will be blamed. Sounds familiar.....

Exactly!

Quote from OhNoItsDEVO : Here we go again... http://news.investors.com/ibd-edi...htm?p=full More information in the link provided. Thought I should stop there before I ended up posting a wall of text.

I'm just curious if at any point you thought that you should do at least a quick cursory google search on any information that you posted to see if it was actually true.

I finished reading the wall of text, then decided to google First United Security Bank of Alabama to see if their case supported what the article said since it's the only tangible claim made in what you posted. I mean, EX-BBT guy can say whatever he wants but a lawsuit is on the books.

The claim:

Quote : Despite new evidence the Community Reinvestment Act led to riskier lending and played a key role in the subprime mortgage crisis, the Obama administration is broadening the anti-redlining regulation's authority and scope, spooking bankers.

The support:

Quote : For instance, Justice has ordered First United Security Bank of Alabama to "ensure that residential and CRA small business loan products are made available and marketed in majority African-American census tracts," while offered on terms "more advantageous to the applicant" than normal.

================A QUESTION FOR YOU ALL===============

Without looking it up or googling it, do you think the First United Security Bank - DOJ case supports the claim?

Quote from andyfico : This won't blow up for a while and at that point, whomever is president will be blamed. Sounds familiar.....

When a POTUS has 8 years to fix a problem and fails to even attempt a fix, he has signed on to the policy and has a large share of the responsibility for the results.

Quote from loop610bob : Without looking it up or googling it, do you think the First United Security Bank - DOJ case supports the claim?

Based on the rep of the author, I'm guessing not.

Quote from 124nic8 : When a POTUS has 8 years to fix a problem and fails to even attempt a fix, he has signed on to the policy and has a large share of the responsibility for the results.

entering year 5 of this disaster.

and yet, everyone else is to blame. or, like in the case of Benghazi, no one is to blame....

Quote from empiretc : entering year 5 of this disaster.

And you think no fixes have been attempted?

There has been a vast improvement in the economy since 2009 whether your recognize it or not.

Quote : and yet, everyone else is to blame. or, like in the case of Benghazi, no one is to blame....

Do you blame Bush for 9/11?

Quote from 124nic8 : And you think no fixes have been attempted?

So it's about attempts and not actual accomplishments?

Everyone gets a trophy!

Quote from empiretc : So it's about attempts and not actual accomplishments?

Lack of attempts to change demonstrates that the current policy is preferred.

Quote : Everyone gets a trophy!

Except for those who don't even try.

Quote from loop610bob : I'm just curious if at any point you thought that you should do at least a quick cursory google search on any information that you posted to see if it was actually true. I finished reading the wall of text, then decided to google First United Security Bank of Alabama to see if their case supported what the article said since it's the only tangible claim made in what you posted. I mean, EX-BBT guy can say whatever he wants but a lawsuit is on the books. The claim: The support: ================A QUESTION FOR YOU ALL=============== Without looking it up or googling it, do you think the First United Security Bank - DOJ case supports the claim?

I did the same thing and gave up after the second thing I checked was BS.

If the info I presented in the OP is wrong, I apologize.
The thread should be closed.

Quote from OhNoItsDEVO : If the info I presented in the OP is wrong, I apologize. The thread should be closed.

I think it's important to keep watch on the CRA and what the true outcomes of its regulation results are. You can't reform and do better if you aren't paying attention and there's nothing done by government that should avoid tight scrutiny. I certainly agree with the undertone of the article.

The actual place they went sucks pretty bad though.