To those who over the years said...

[EatTheRich]

Not really. To be a Christian you have to ascribe to the Nicene Creed and they don't. They pile on top of Christianity Joseph Smith as a prophet that pretty much undoes many of the claims Christ made.

Here's some Cliff Notes for you: https://en.wikipedia.org/wiki/Mormonism_and_Nicene_Christianity


In their holy underwear?


No, they don't. The try to co-opt Christ and reframe him as lesser.

Constantine rejected the Nicene Creed, was he not Christian either?

 

[EatTheRich]

I'm sorry you're not entitled to rewrite what happened. Banks were told to make loans to minorities or not grow their business and so they did and then off loaded the risk as best they could in CDO's. That game got lucrative and it got out of control.

Yes. They had to make loans to minorities on the same terms they made loans to whites. Basing it on ability to pay, not on race. A large majority of defaulting homeowners were wealthy white real estate speculators.

 

[God of War]

Constantine rejected the Nicene Creed, was he not Christian either?

Not arguing. Going with the definition given by the largest set of Christians with a cross denominational representation.

 

[God of War]

Yes. They had to make loans to minorities on the same terms they made loans to whites. Basing it on ability to pay, not on race. A large majority of defaulting homeowners were wealthy white real estate speculators.

They were forced to give loans to people who couldn't pay them back. The banks made CDO of them to mitigate their risk. YEARS later they became profitable and became what they became leading to the 2008 bubble.

Government racial policy failed again.

 

[Dawg]

Carter signed the CRA. Which required that decisions be based on financial considerations and not racial ones.

as did Clinton and proof has been posted of that here in PJ many times, NO CREDIT/BAD CREDIT/REPOS come on down

Clinton's Legacy: The Financial and Housing Meltdown (reason.com)

Get a JOB

 

[EatTheRich]

They were forced to give loans to people who couldn't pay them back. The banks made CDO of them to mitigate their risk. YEARS later they became profitable and became what they became leading to the 2008 bubble.

Government racial policy failed again.

Scapegoating propaganda having little to do with reality. The risk always came from upper-middle-class speculators who got unsound loans, not because banks were forced to make them, but because the risk was a speculative investment which appealed to the gambling instincts of the bankers at a time when it was unprofitable to invest in reliable borrowers.

 

[God of War]

Scapegoating propaganda having little to do with reality. The risk always came from upper-middle-class speculators who got unsound loans, not because banks were forced to make them, but because the risk was a speculative investment which appealed to the gambling instincts of the bankers at a time when it was unprofitable to invest in reliable borrowers.

Look into it without your woke leftist bias eyes. And try to see how Bill Clinton did the deed of forcing loans to be made for banks to be allowed to expand.

 

[middleview]

They were forced to give loans to people who couldn't pay them back. The banks made CDO of them to mitigate their risk. YEARS later they became profitable and became what they became leading to the 2008 bubble.

Government racial policy failed again.

They were forced to make loans in areas that had previously been redlined...meaning no lending at all. I have a friend who became wealthy when the CRA was passed because she bought up properties in the 5 points area of Denver and rented them out.
She was buying 4 and 5 bedroom houses for $50k and less and later sold them for ten times that much. She was a white geologist for an oil company.

There was no effort to force banks to relax credit requirements...that was done by the banks and the variable rate mortgages they came up with created the disaster, enabled by the Bush relaxation on liquidity that allowed banks to borrow three times as much per dollar of deposits. Gee, what could go wrong.

 

[bdtex]

You do realize that most of our debt comes from Republican efforts and most of that came in the form of cutting taxes for the rich. Your leaders compromised alright, they compromised the nation for their masters .

Of course he realizes it but he blames Democrats for it when elections roll around.

 

[middleview]

as did Clinton and proof has been posted of that here in PJ many times, NO CREDIT/BAD CREDIT/REPOS come on down

Clinton's Legacy: The Financial and Housing Meltdown (reason.com)

Get a JOB

Bush signed the "Mortgage Downpayment Assistance act" in 2002. That had the FHA guarantee no down mortgages. His administration lowered bank liquidity by a lot. Banks could borrow $45 for every $1 in deposits. They used that money to buy mortgage backed securities. That meant a drop of just 3% would make the bank insolvent. Gee, what could go wrong?