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jon_banquer[_2_] jon_banquer[_2_] is offline
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Default CRA did, of course, help precipitate the mortgage meltdown

On Friday, August 23, 2013 5:38:26 PM UTC-7, George Plimpton wrote:
On 8/19/2013 1:11 PM, jim lied:





Jeff M wrote:




On 8/19/2013 12:54 PM, jim lied:


[snip]


There is no law that can force banks to meet that obligation.




Its a moral and civic duty not a legally enforceable duty.




You sure went a long way to avoid saying that until now.




No one ask before.




Government doesn't enforce chortle "moral and civic duty."





CRA caused the meltdowns.


You have produced no proof that CRA caused any meltdowns.