Zeev's Turnips Talk Politics (ZTTP)

[SoxFan]

I hate to inform you but that law on the books was working fine until they eliminated regulations and started to do two very important things:

1 - able to securitize these loans and pass them off as trash

2 - able to ignore non-existent regulators

I didn't expect you really understand or know what the CRA was but you might want to bone up on the term redlining.

I find it amazing how the same people cannot be able to recognize even simple cause and effect actions and most of these people voted for Bush twice - DUH! Look at the above example as further justification - a law that's been on the books and working fine until 2002 (when this started and expanded in 2003 and 2004) is being blamed for the housing bubble.