The CRA: government-mandated theft from depositors
CRA forces banks to make loans that are not as profitable. That means a
reduced return on deposit balances. That's stealing from depositors. |
The CRA: government-mandated theft 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. |
The CRA: government-mandated theft from depositors
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. |
The CRA: government-mandated theft 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. |
The CRA: government-mandated theft from depositors
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. |
The CRA: government-mandated theft from depositors
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. |
The CRA: government-mandated theft from depositors
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. |
The CRA: government-mandated theft from depositors
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. |
The CRA: government-mandated theft from depositors
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. |
The CRA: government-mandated theft from depositors
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. |
The CRA: government-mandated theft from depositors
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. |
The CRA: government-mandated theft from depositors
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. |
The CRA: government-mandated theft from depositors
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. |
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