CRA forces banks to make loans that are not as profitable. That means a
reduced return on deposit balances. That's stealing from depositors.

Rudy Canoza wrote:
CRA forces banks to make loans that are not as profitable.

The evidence shows the opposite is true.
Honest bankers lend locally and do better.
Corrupt bankers make less profit because they
are benefiting indirectly from their lending
patterns.

reduced return on deposit balances.
The evidence shows the opposite is true.


Banks don't make loans. Banks create new
money and give it to people who promise to
pay it back. Banks call this a loan.
The public gives them this privilege to
create money from nothing.

If the public gave me the privilege to create
money which I then collect interest on, it
seems only reasonable to do something for
the public in return.

On 5/30/2015 12:23 PM, "jim " wrote:
Rudy Canoza wrote:
CRA forces banks to make loans that are not as profitable.

The evidence shows the opposite is true.

No, it doesn't. CRA loans are loans that are not high quality loans.
If they were high quality loans, no law would be needed to compel them.
Being lower quality means lower return, which is stealing from depositors.

On Saturday, May 30, 2015 at 11:49:06 AM UTC-7, Rudy Canoza wrote:
CRA forces banks to make loans that are not as profitable. That means a
reduced return on deposit balances. That's stealing from depositors.

Typical Jonathan Ball bull****.

The idiot loves to live in fantasy land.

Rudy Canoza wrote:
On 5/30/2015 12:23 PM, "jim " wrote:
Rudy Canoza wrote:
CRA forces banks to make loans that are not as profitable.

The evidence shows the opposite is true.

No, it doesn't. CRA loans are loans that are not high quality loans.

False. Honest bankers will tell you
local lending is more profitable.

Corrupt bankers will tell you anything.

On 5/30/2015 1:39 PM, "jim " wrote:
Rudy Canoza wrote:
On 5/30/2015 12:23 PM, "jim " wrote:
Rudy Canoza wrote:
CRA forces banks to make loans that are not as profitable.

The evidence shows the opposite is true.

No, it doesn't. CRA loans are loans that are not high quality loans.

False.

No, true.

Honest bankers

Ha ha ha ha ha!


will tell you
local lending is more profitable.

Stop lying. If the "local" loans were more profitable, the banks would
have made them.

Rudy Canoza wrote:


False.

No, true.

Honest bankers

Ha ha ha ha ha!


will tell you
local lending is more profitable.

Stop lying. If the "local" loans were more profitable, the banks would
have made them.

If you allow corrupt bankers to steal then
the banker will make more money but the bank
won't.

IF you allow burglars to steal their lives will
also be more profitable.

When a bank takes deposits in a community and
makes loans in the banker's community, that
is stealing from the depositors.

The Community Reinvestment Act exposes theft
so that depositors can avoid banks that steal.

On 5/30/2015 5:02 PM, "jim " wrote:
Rudy Canoza wrote:


False.

No, true.

Honest bankers

Ha ha ha ha ha!


will tell you
local lending is more profitable.

Stop lying. If the "local" loans were more profitable, the banks would
have made them.

If you allow corrupt bankers to steal

Stop lying. Seeking the most profitable mortgage opportunities is not
corruption.

On 5/30/2015 5:02 PM, "jim " wrote:

When a bank takes deposits in a community and
makes loans in the banker's community

Not what happened.

Rudy Canoza wrote:
On 5/30/2015 5:02 PM, "jim " wrote:
Rudy Canoza wrote:


False.

No, true.

Honest bankers

Ha ha ha ha ha!


will tell you
local lending is more profitable.

Stop lying. If the "local" loans were more profitable, the banks would
have made them.

If you allow corrupt bankers to steal

Stop lying. Seeking the most profitable mortgage opportunities is not
corruption.


Stealing is corruption. If the banker is not
ashamed of what he is doing then he won't
mind letting the depositors know where
he is making loans.

Rudy Canoza wrote:
On 5/30/2015 5:02 PM, "jim " wrote:

When a bank takes deposits in a community and
makes loans in the banker's community

Not what happened.


It doesn't happen with honest bankers.
It does happen with corrupt bankers.

On 5/30/2015 5:20 PM, "jim " wrote:
Rudy Canoza wrote:
On 5/30/2015 5:02 PM, "jim " wrote:
Rudy Canoza wrote:


False.

No, true.

Honest bankers

Ha ha ha ha ha!


will tell you
local lending is more profitable.

Stop lying. If the "local" loans were more profitable, the banks would
have made them.

If you allow corrupt bankers to steal

Stop lying. Seeking the most profitable mortgage opportunities is not
corruption.


Stealing is corruption.

Stop lying. Seeking the best opportunities for lending is neither
stealing nor corruption.

CRA was a fake attempt to address a fake "problem." There was no
"redlining." Deadbeats wanted credit, didn't qualify for it, and
contrived a bull**** "discrimination" basis for agitating for government
to force banks to lend to deadbeats.

It led to the housing market debacle.

On 5/30/2015 5:22 PM, "jim " wrote:
Rudy Canoza wrote:
On 5/30/2015 5:02 PM, "jim " wrote:

When a bank takes deposits in a community and
makes loans in the banker's community

Not what happened.


It doesn't happen with honest bankers.

It never happened, period.

Your "honest bankers" hokum doesn't fool anyone.