Really? Let me see, 1) the government screwed up the economy via the Community Reinvestment Act in the 1990’s which led to loans made to individual who could not pay back the notes, which really hurt everyone. 2) Then the government and the media (their attack dogs) blamed the banks and some insurers for the fiasco. 3) Then stupid Democrats and even dumber Republicans (who still allow this) to pass the Dodd Frank bill, which allows a non elected board of idiots to regulate the insurance industry. The industry is doing fine without them. Just as in banking now, you are going to see forced mergers to meet capital requirements, less competition, and the only ones to benefit will be the fat cats, and the banks. Horrible.
You are full of crap, Lou. The CRA was not the cause of the crises. The majority of the loans made that caused it were made by institutions not subject to the CRA. Also, the widespread fraud had nothing to do with it, and the deregulation which allowed bundled mortgage backed securities had nothing to do with the CRA. You are just repeating right wing talking points that have no relationship with reality.
Devastating response. Funny how you pretend to be the arbiter of morals here, and then call for the murder of people you disagree with, call for violence against people, and cheer any story where people act like maniacs.
Also, you never address any points people make, you just whine, because you are clueless about everything.
Really? Let me see, 1) the government screwed up the economy via the Community Reinvestment Act in the 1990’s which led to loans made to individual who could not pay back the notes, which really hurt everyone. 2) Then the government and the media (their attack dogs) blamed the banks and some insurers for the fiasco. 3) Then stupid Democrats and even dumber Republicans (who still allow this) to pass the Dodd Frank bill, which allows a non elected board of idiots to regulate the insurance industry. The industry is doing fine without them. Just as in banking now, you are going to see forced mergers to meet capital requirements, less competition, and the only ones to benefit will be the fat cats, and the banks. Horrible.
You are full of crap, Lou. The CRA was not the cause of the crises. The majority of the loans made that caused it were made by institutions not subject to the CRA. Also, the widespread fraud had nothing to do with it, and the deregulation which allowed bundled mortgage backed securities had nothing to do with the CRA. You are just repeating right wing talking points that have no relationship with reality.
Hey Lou, I see you got your dose of attack dog UW. His daddy didn’t teach him right from wrong when he was growing up.
Devastating response. Funny how you pretend to be the arbiter of morals here, and then call for the murder of people you disagree with, call for violence against people, and cheer any story where people act like maniacs.
Also, you never address any points people make, you just whine, because you are clueless about everything.