"Investor's Daily" aa high end source?<quoted text>
OK. It is now noted that you can't handle high-end authoritative sources for lack of comprehension skills. You haven't graduated from Ebony, Essence and Rap Monthly yet.
Now, let's move on to your lies.
From Wiki - CRA: "To enforce the statute, federal regulatory agencies examine banking institutions for CRA compliance, and take this information into consideration when approving applications for new bank branches or for mergers or acquisitions."
Want to expand, merge or acquire? The Godfather in Washington makes you a deal you can't refuse.
You should be familiar with this sort of "enforcement" watching Jesse Sharpton baby extorting millions from innocent corporations they threatened to list as being "racist". Why don't you recognize the same exact behavior here? Wonders like your selective ignorance never cease to amaze me.
When Fed Reserve Bank Examiners tried to stop the dangerous practices brought on by the CRA, Barney Frankfurter and Dufus Dodd, they were told to shut up if they loved having a job. They shut up and let the economic collapse come on.
With all of the recent "reform" measures thrown against Wall St., the inside joke is that the regulators out there on the street are once again being "restrained" by their bosses - just like before.
I realize you are young and naive as hell but it bears repeating here that laws are only as good as their application and enforcement. The Boy Messiah does it routinely with illegal immigration, economics and Gun Running into Mexico. When you grow up, you might learn this.....n-n-n-a-a-a-h-h-h-h.. .probably not.
And, if all else fails to fit your nonsensical partisan reality, you can always do some Bush-Bashing. And when your gun becomes empty, you can always spit.
You would have us believe that Republicans, who had the White House and a congressional majority, would not have lifted a finger if the banks protested compulsory lending standards.
The banks made predatorial loans because it was profitable and the GOP Congress winked and let them do it.