Rudy Canoza wrote:
On 5/30/2015 5:09 PM, "jim " wrote:
Rudy Canoza wrote:
On 5/30/2015 1:49 PM, "jim " wrote:

When banks take deposits in one community
and then make loans in the bankers community
Sen Proxmire called it "disinvestment"

Proxmire could have called it Italian opera or mumbletypeg. Proxmire
didn't know a thing about banking or business or investment.

Yes he should have called it stealing because

No, because refusing to write ****ty mortgages isn't stealing, nor is it
corruption.

The CRA itself mandated stealing from depositors.


That is the lie that corrupt bankers tell.

CRA never mandated any loans. If a banker
wants to take deposits in a community and make
loans elsewhere he can. What CRA does is
make sure the depositors are informed.