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Originally Posted by Guest
The person who Posted about the impact of the " CRA " Community Reinvestment Act is dead on correct .
I saw it upfront as I was a senior executive at one of our Nation`s larger Banks and actually sat on it`s CRA Committee for many years across the Administrations of Bush I , Clinton , Bush 2 and part of Obie`s .
The " Rules " were ever changing and always very ambiguous . One set of Gvt Auditors would have one interpretation and another Audit Team would have another .
Eventually you were forced to market heavily into Minority Communities using Direct Mail , targeting advertising and finally talks at Churches to beg any minority to come in to apply for a loan in order to get increase the number of loans to minorities .
The real story of what banks had to do to meet the demands of the Gvt Regulators would probably stun you . It was at it`s worse during the reign of WJC .
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And these forced subpar loans took down the financial industry. The banks didn't want that sh!t, so they packaged them and sold them to the greater fool. It eventually led to the mortgage and housing meltdown.
Damn minorities, if they weren't here they wouldn't be causing all these problems. They're NOT like us, WHY do we keep trying to get them integrated? It hasn't worked, it doesn't work, it'll NEVER work.
We've WASTED $trillion and $trillion on these "people"...why? When will we learn? When will we wake up?
Lincoln said it, we're TOO different to ever live together.
Quote:
Originally Posted by Guest
As a conservative, I agree with you on the Bush tax cut. NO ONE should be exempt from paying taxes. I take that back, the disabled should not have to pay, and that includes our disabled Vets. But, Bush's tax cuts has spurred the growth of the lazy liberal ideology in our country, and the influx of millions of left wing voters. Voters that are dependent on the generosity of our left leaning government. The majority does not vote for the betterment of our country, but for the betterment of themselves.
Bush's tax cuts has created a large portion of lefty voters. Voters that pay NO taxes and have no stake in the national debt. On top of that, to have a large group of adults that get money back from IRS that NEVER paid a dime to them, is just crazy. Government funded welfare, paid once a year. A sort of bonus for being lazy and a non-producer.
I respect Bush and voted for him, but that was a bad mistake, the tax breaks. Although, they were supposed to be temporary and Obama continued them.
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How disable to get away with not contributing? Who decides? Half the "disabled" aren't really.
You government is completely corrupt. It's time to start over. That is the ONLY solution. Voting for another D or R certainly won't fix anything.
Corporations pay lots of money to have "their" politician elected. Then "their" politician enacts laws or appoints people who are VERY friendly towards the generous corporation.
That's your government in a nut shell. Your job is to work and pay taxes. That's all your government really cares about you.
Welfare for the poor being an example. The government doesn't want welfare so the poor are better off...they want welfare so the corporations can make a buck. Welfare money goes to the people and then is spent on the corporations products. Take SNAP, food stamps, they're pushed by the corporations who make the food that those on welfare eat. JP Morgan bank runs the snap card program, they get a cut of every transaction.
We're being played, slowly robbed, slowly strangled.