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Topic: Clinton Added Teeth To CRA,
Obama Turned Them Into Fangs |
Clinton Added Teeth To CRA,
Obama Turned Them Into Fangs
Investor´s Business Daily, by Paul Sperry
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Original Article
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Posted By:earlybird, 1/24/2013 10:12:32 PM
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| 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. A recent study by the National Bureau of Economic Research, the nation´s pre-eminent economic research group, states that the CRA "clearly" had a major impact on the flood of subprime loans made in the late 1990s and 2000s, which directly led to the housing crisis.
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Comments:
How Obie plans to use the CRA to step up the granting of bad loans...
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Reply 1 - Posted by:
Ribicon, 1/24/2013 10:42:04 PM (No. 9137794)
Chart shows the huge bulk of the destructive boom took place from 2000 to 2006. Remember who was president and which party controlled Congress during that stretch? They were ineffectual at changing any of it, to the extent they even tried, and now we´re in a mess and the tools are still there for Zero to use.
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Reply 2 - Posted by:
Distorted, 1/24/2013 10:53:56 PM (No. 9137806)
What could possibly go wrong?
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Reply 3 - Posted by:
bluefindad, 1/24/2013 10:58:41 PM (No. 9137813)
It actually didn´t matter who was in charge between 2000 and 2006. Any effort to reign in the lending tsunami would have been met with a cacophony of cries of ´racism´ that would have shaken the foundations of the earth. Organizers like Obama were already entrenched and the media was cocked and loaded to crush any principled opposition. The Republicans in power understood that any effort would be political suicide. It was checkmate.
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Reply 4 - Posted by:
ColonialAmerican1623, 1/24/2013 11:15:13 PM (No. 9137828)
Nobody ever remembers Mel Martinez as Secretary of HUD.
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Reply 5 - Posted by:
oh-heck, 1/24/2013 11:34:18 PM (No. 9137843)
People like Perez make me wonder who really is in charge. Did Obama choose Perez, Holder, Salazar, and Chu, or did someone else choose Obama and assign him this team?
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Reply 6 - Posted by:
Safari Man, 1/25/2013 1:46:04 AM (No. 9137922)
If there´s any act of congress that is named "Community ..." or "Affordable ...", you can bet its not benefitting the community any of us might live in, nor is it going to be *affordable* for any taxpayer.
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Reply 7 - Posted by:
Trigger2, 1/25/2013 5:41:57 AM (No. 9137982)
Barry´s destruction of the country´s economy is now full steam ahead.
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Reply 8 - Posted by:
civilservant, 1/25/2013 8:49:14 AM (No. 9138245)
#´s 1 & 3,
2nd generation realtor/appraiser.
There were 17 bills introduced during the period you refer to, all promulgated to stem the flood of bad loans bought/sold/packaged/tranched at FNMA/FReddie Mac; each WAS met with the cries of RACISM!!!
The Barney Frank Video wherein he castigates the W official testifying is only the most famous of them, but they are out there.
17 individual pieces of legislation. Each destroyed by the Minority and the LSM.
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Reply 9 - Posted by:
Ribicon, 1/25/2013 9:50:46 AM (No. 9138414)
#8, hence "ineffectual, to the extent they even tried." Of course the criminals will raise a wail and cry racism/discrimination/hurting the poor; that´s in the playbook.
If they lack the brass to stand up to the name-callers, then by default they capitulate and the rest of us pay the price.
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Reply 10 - Posted by:
civilservant, 1/25/2013 11:51:00 AM (No. 9138750)
I understand and agree, #9 but what do we do when the press REFUSES to cover the attempts?
I was just talking to the spokesperson for my Agency and told him that we on the Right have lost not only the narrative, but the ability to even get our message out!!
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Reply 11 - Posted by:
Ribicon, 1/25/2013 4:20:22 PM (No. 9139295)
Nothing we can do until wait it out, #10. The powers that be allowed the left to control the media and the schools and the churches (just as they said they would), and now the whole thing´s down the chute. I do not write GOP a blank check on any of this; their complicity is such that they may as well have been on the same side all along. Nation and culture all but unrecognizable with the progress made over the past 40 years or so, and not much of it for the better in my opinion.
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Below, you will find ...
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Posted By: earlybird- 6/19/2013 4:40:56 PM
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President Obama’s speech at the Brandenburg Gate in Berlin today was a stage director’s nightmare. The president was sweating profusely – you could see the outlines of his undershirt. There were ghostly reflections off the protective glass in front of him. And instead of heaving throngs of admirers, Obama addressed 6,000 or so invited guests. And something was wrong with TOTUS! Obama was peering down at his script instead of using his trusty teleprompter. We’re not accustomed anymore to seeing our leaders glance toward the lectern to read, so the president came off looking as if he couldn’t remember
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Posted By: earlybird- 6/19/2013 1:29:27 PM
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The Florida Civil Rights Association announced Tuesday that it is representing a dismissed juror who was barred from the Seminole County Courthouse until after the George Zimmerman trial concludes. The association says Jerry Counelis, former prospective juror E-7, claims his civil rights were violated during jury selection and alleges that he was defamed by Zimmerman´s attorney Mark O´Mara. Counelis told attorneys during questioning last week in Zimmerman´s second-degree murder trial that he had no opinion about whether Zimmerman was guilty(Snip)But after Counelis admitted to Seminole Circuit Judge Debra S. Nelson that he had written a Facebook post
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Matthews: Berlin Sun
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National Review Online, by Andrew Johnson
Original Article
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Posted By: earlybird- 6/19/2013 10:54:15 AM
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MSNBC host and Obama sycophant Chris Matthews blamed the sun for spoiling the president’s speech in Berlin today. “I think a lot of the problem he had today was the late afternoon sun in Berlin ruined his use of the teleprompter and so his usual dramatic windup was ruined,” Matthews said immediately after the speech. “I think he was really struggling with the text there.” Speaking behind a glass bulletproof shield, Obama appeared to be using the text of the speech rather than reading off of teleprompters.
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USA Today, by Steve DiMeglio
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Posted By: earlybird- 6/15/2013 10:44:46 PM
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ARDMORE, Pa. — Phil Mickelson is in a familiar position once again at the U.S. Open — to either finally close out a win in a tournament he truly cherishes or to suffer yet another maddening close call. Mickelson, a four-time major champion but the only player to finish runner-up five times in the U.S. Open, shot even-par 70 Saturday in the third round of the U.S. Open at unyielding Merion Golf Club and has a one-shot lead heading into Sunday´s final round.
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Police: Santa Monica gunman
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Associated Press, by TAMI ABDOLLAH
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Posted By: earlybird- 6/14/2013 6:20:57 PM
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LOS ANGELES — A farewell note left behind by the Santa Monica gunman expressed remorse for the killing of his father and brother but provided no explanation for the rampage that left them and three others dead. Police Chief Jacqueline Seabrooks said that the three- to four-page handwritten note was found on John Zawahri´s body (Snip)Zawahri apparently built his own .223-caliber assault rifle, using it to shoot his father and brother before he set fire to their family home, officials said earlier Thursday.
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Document: Major resources
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Washington Post, by Carol D. Leonnig and David Nakamura
Original Article
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Posted By: earlybird- 6/13/2013 4:45:03 PM
Post Reply
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When President Obama makes his first extended trip to sub-Saharan Africa this month, the federal agencies charged with keeping him safe won’t be taking any chances. Hundreds of U.S. Secret Service agents will be dispatched to secure facilities in Senegal, South Africa and Tanzania. A Navy aircraft carrier or amphibious ship, with a fully staffed medical trauma center, will be stationed offshore in case of an emergency. Military cargo planes will airlift in 56 support vehicles, including 14 limousines and three trucks loaded with sheets of bulletproof glass to cover the windows of the hotels
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PJ Media, by Ozgur Yilmaz
Original Article
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Posted By: earlybird- 6/13/2013 11:49:12 AM
Post Reply
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It first begins with a peculiar, bitter smell.(Snip)Get sufficiently exposed, and you may faint or even die. These are the effects of pepper spray, the chemical that was used by the Turkish police against peaceful sit-in protesters who tried to protect one of Istanbul’s few remaining green spaces against a controversial reconstruction plan in Taksim Square on May 28. Undercover police then proceeded to set fire to the tents left behind by escaping protesters — with all their belongings in them — despite the protesters’ pleas. For many people, this was the last drop in the glass, which
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Posted By: smcchk- 6/19/2013 12:41:02 AM
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A group of whistleblowers, including a number of aviation experts, have come forward in a new documentary to claim that the official explanation for the crash of TWA Flight 800 was wrong and a gas tank explosion did not bring down the flight off the coast of Long Island 17 years ago. However, the six whistleblowers, all part of the original investigation team, stopped short of saying the plane was shot down. Flight 800, a Boeing 747, had just taken off from JFK airport with 230 people aboard on July 17, 1996 enroute to Paris when it exploded
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An attorney whose firm represents two Benghazi whistleblowers said Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, lied to the Senate when he said there was never a “stand down” order during the Benghazi attack on Sept. 11, 2012. “What was fascinating is that he explained his lie to them,” Joe DiGenova, an attorney representing one of the whistleblowers, told CNSNews.com. “He actually said they were sent to Tripoli. They were needed in Benghazi,” said DiGenova, a former U.S. attorney, now with the Washington firm of DiGenova & Toensing.
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Amid a steady rise of backlash, Edward Snowden, the 29-year-old former National Security Agency contractor who was the source of a spring of leaks about the agency´s surveillance methods, conducted a live chat on The Guardian´s website Monday morning. Judging from some of the pointed questions he´s been asked and the reaction to newly leaked revelations over the past few days, it´s clear that much of the sympathy and support Snowden had built up for his early exposures is eroding. Many Americans supported his decision to leak information about a pair of National Security Agency surveillance programs, which, he detailed, gathered information
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Cybercast News Service, by Terence P. Jeffrey
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Posted By: JoniTx- 6/19/2013 3:46:48 PM
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Likening religious schools to segregation--a racist system that forced blacks to attend different schools and use different facilities than whites in the American South--President Barack Obama told a town hall meeting for youth in Belfast, Northern Ireland on Monday that there should not be Catholic and Protestant schools because such schools cause division. "Because issues like segregated schools and housing, lack of jobs and opportunity--symbols of history that are a source of pride for some and pain for others--these are not tangential to peace; they’re essential to it,"
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Weekly Standard, by Daniel Halper
Original Article
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Posted By: Desert Fox- 6/18/2013 5:30:04 PM
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Charlie Rose last night asked President Obama his new Syria policy. The president first objected to it being called a new policy. "I´m not sure you can characterize this as a new policy. This is consistent with the policy that I´ve had throughout," he said. Obama then explained the goal is regional stability, and especially in Syria. "Really, what we´re trying to do is take sides against extremists of all sorts and in favor of people who are in favor of moderation, tolerance, representative government, and over the long-term, stability and prosperity for the people of Syria," said Obama.
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G8: Barack Obama looks like
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Telegraph [UK], by Alex Spillius
Original Article
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Posted By: JoniTx- 6/19/2013 4:58:06 AM
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Listening to Barack Obama give his speech in Belfast on Monday, it was hard not to stifle a yawn. I kept waiting for the part when he would say something interesting, but, about three quarters of the way through, realised it wasn’t going to come. Judging from television pictures some of his young audience felt the same, after the initial rush of euphoria of receiving the rock star president in their midst had passed. This is not surprising, for we had already heard this number about the inspirational role of the Northern Ireland peace process and the Emerald Isle’s
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The IRS Immigration Fraud Scandal
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American Spectator, by Jeffrey Lord
Original Article
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Posted By: KarenJ1- 6/18/2013 10:37:24 AM
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Marco Rubio. Paul Ryan. The IRS. Illegal immigration. And fraud to the tune of billions.. Now there’s a combustible mix. Let’s start with the IRS, illegal immigration and fraud. We’ll come back in a minute to Senator Rubio and Congressman Ryan. For those who came in late, a year before the IRS scandals burst onto the scene in early May of 2013, an alert investigative reporter for WTHR-Indianapolis (Channel 13), Bob Segall by name, produced a stunning piece of journalism. Segall’s video report is found here and we will quote from his story for the basics.
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