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Rudy Canoza[_3_] Rudy Canoza[_3_] is offline
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Default Comical false belief about CRA: "to discourage corrupt bankersfrom stealing,from the bank's depositors"

On 5/30/2015 5:46 AM, "jim " wrote:
Rudy Canoza wrote:
Rudy Canoza wrote:
That's simply a lie.

Corrupt bankers call it a lie.
Honest bankers call it the truth.


No one called it the truth. It's a lie. You're the only person who has
every said it.


If you want to tell an honest
banker from a corrupt banker just
ask about the Community Reinvestment Act.


Ha ha ha ha ha!

There is nothing new in the concept that
banks must meet the credit needs
of the community that supplies the deposits.


Stop lying. Communities don't supply deposits - account holders do, and
the mere fact they deposit money doesn't entitle them to mortgage loans.