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"Twibil" wrote in message
... On Jun 30, 7:25 am, "Long Ranger" wrote: You are using the classic liberal foil. Demanding "citations, and proof" when in fact, you are challenging a stated position and need to approach it with something more like, "I disagree with your claims because of "___________________________________". BUAHAHAHAHAHAHAHA! "I should be able to spout any lie I wish and you shouldn't be allowed to question it's veracity." ("Er, unless I tell you exactly how you're allowed to do so...") Go back to your White Power websites and masturbate in privacy. His reply essentially eats away at the principles of civilization. If you look at FOIA laws and policies, the notion of due process, the right to question one's accusers, etc.; it all hinges on the supposition that "because I said so" is not a wholly satisfactory reply. That being said, his point of view seems to be not easily provable outside the neo-Nazi meetings at the trailer park, i.e. from Wikipedia: BEGIN QUOTE Some legal and financial experts note that CRA regulated loans tend to be safe and profitable, and that subprime excesses came mainly from institutions not regulated by the CRA. In the February 2008 House hearing, law professor Michael S. Barr, a Treasury Department official under President Clinton,[64][108] stated that a Federal Reserve survey showed that affected institutions considered CRA loans profitable and not overly risky. He noted that approximately 50% of the subprime loans were made by independent mortgage companies that were not regulated by the CRA, and another 25% to 30% came from only partially CRA regulated bank subsidiaries and affiliates. Barr noted that institutions fully regulated by CRA made "perhaps one in four" sub-prime loans, and that "the worst and most widespread abuses occurred in the institutions with the least federal oversight".[109] According to Janet L. Yellen, President of the Federal Reserve Bank of San Francisco, independent mortgage companies made risky "high-priced loans" at more than twice the rate of the banks and thrifts; most CRA loans were responsibly made, and were not the higher-priced loans that have contributed to the current crisis.[110] A 2008 study by Traiger & Hinckley LLP, a law firm that counsels financial institutions on CRA compliance, found that CRA regulated institutions were less likely to make subprime loans, and when they did the interest rates were lower. CRA banks were also half as likely to resell the loans.[111] Emre Ergungor of the Federal Reserve Bank of Cleveland found that there was no statistical difference in foreclosure rates between regulated and less-regulated banks, although a local bank presence resulted in fewer foreclosures.[112] END QUOTE I want to see him stopped for a traffic violation. That would have to be a YouTube video moment. I can see him tracing his ticket to Jews and African Americans in the police department. Datesfat |
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