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snoot,

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JLS   Sunday, 02/16/14 10:52:24 PM
Re: snootmagruder post# 1948
Post # of 2000 
snoot,

So are you blaming Fanny and Freddie now instead of CRA? Or is it 50:50, or what? Maybe the article blames everybody? Nobody?

My experience with Wiki is that they wont blame anybody. Instead, they will use the phrase, "some blame ...".

Hey, I'll go along with putting most of it on Fanny and Freddie, but not the CRA.

I've seen that article before. You didn't have to link to it. I did a search on that page for the following words: responsible and cause. You wouldn't need more than one hand to count the number of hits.

The only thing of interest was this: "Some economists, such as John Taylor,[152] have asserted that the Fed was responsible, or at least partially responsible ..." My emphasis of bold and underline).

I'll bet that you, snoot, would cling to that and grin from ear to ear.

Yet, the phrase 'partially responsible' means something barely over zero. You know, like 0.0001%.

Oh, and for those of you other folks who didn't read that wacky Wiki linked by wacky snoot, there is nothing in that link about teams of people dedicated to CRA compliance at any bank. As for large banks, some having thousands of branches, sure, they would probably have teams of people working on all their hundreds and thousands of regulations related to dozens of laws. So?


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