Barack Obama, our next President

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ... Full Story
Homer 2016

East Stroudsburg, PA

#958693 Aug 2, 2013
Eman wrote:
<quoted text>
The only problem, liberals see a family of 4 as a mother and her 3 children.
You're barking up the wrong tree.
Yeah

Honolulu, HI

#958694 Aug 2, 2013
Anonymous of Indy wrote:
<quoted text>sure does.
BS unfortunately the facts conincide just look at the housing market with all the foreclosures that happened and not seen since the Great Depression and the Pseudo Liberal Democrats were behind it.
7/18/2008 @ 11:30AM
The Government Did It(excerpt from the article)
The CRA forces banks to make loans in poor communities, loans that banks may otherwise reject as financially unsound. Under the CRA, banks must convince a set of bureaucracies that they are not engaging in discrimination, a charge that the act encourages any CRA-recognized community group to bring forward. Otherwise, any merger or expansion the banks attempt will likely be denied. But what counts as discrimination?
http://www.forbes.com/2008/07/18/fannie-fredd...
Media Heresy: Bill Clinton Helped Cause 2008 Financial Crisis
http://newsbusters.org/blogs/noel-sheppard/20...
Here's another one for you... Cleveland FRB...

http://www.clevelandfed.org/research/Commenta...

"... Survey Results: CRA-Related Lending

We received responses from 143 of the 500 institutions to which we sent the survey (a 28.6 percent response rate). These responses and our follow-up telephone contacts revealed that banking institutions generally do not track profitability and performance separately for CRA-related lending, so our report emphasized qualitative results regarding profitability. Because fewer than half of the respondents answered quantitative questions on performance, one must be cautious when using these responses to draw qualitative inferences comparing the performance of CRA-related and other lending.

The results varied by loan product. Home purchase and refinance lending has the largest origination volume by far ($570 billion, of which about 10 percent is CRA-related). Responses indicated that overall as well as CRA-related home purchase and refinance lending is profitable or marginally profitable for most institutions. On a dollar-weighted basis, about 85 percent of survey respondents said that their CRA-related lending as a whole was at least marginally profitable. However, CRA-related home purchase and refinance lending was reported to be less profitable and to have similar or higher delinquency rates than other home purchase and refinance lending. Concerning this product, about 63 percent of respondents said that their CRA-related lending was less profitable than their overall lending. Differences are less dramatic when measured on a per-institution basis...."
Homer 2016

East Stroudsburg, PA

#958695 Aug 2, 2013
If I had a dime for all the dumb rightwing posts I've read, I'd only have maybe 10 bucks.

Homer doesn't read too many rightwing posts.

Since: Jun 13

Location hidden

#958696 Aug 2, 2013
This quote sums it up:
"When you look at the facts rationally and digest exactly what they stand for, the issue becomes crystal clear. Simply put, tea party Republicans are giving hate groups a voice in mainstream politics."

“Often imitated”

Since: Jul 07

never duplicated

#958697 Aug 2, 2013
Realtime wrote:
<quoted text>Web Lowe got by nicely on a McDonald's paycheck.
Wtf is web lowe and why should I care?

“Often imitated”

Since: Jul 07

never duplicated

#958699 Aug 2, 2013
Homer 2016 wrote:
<quoted text>You missed the point.
Not at all. Its you l.l.w. that don't get it.
Yeah

Honolulu, HI

#958700 Aug 2, 2013
Anonymous of Indy wrote:
<quoted text>sure does.
BS unfortunately the facts conincide just look at the housing market with all the foreclosures that happened and not seen since the Great Depression and the Pseudo Liberal Democrats were behind it.
7/18/2008 @ 11:30AM
The Government Did It(excerpt from the article)
The CRA forces banks to make loans in poor communities, loans that banks may otherwise reject as financially unsound. Under the CRA, banks must convince a set of bureaucracies that they are not engaging in discrimination, a charge that the act encourages any CRA-recognized community group to bring forward. Otherwise, any merger or expansion the banks attempt will likely be denied. But what counts as discrimination?
http://www.forbes.com/2008/07/18/fannie-fredd...
Media Heresy: Bill Clinton Helped Cause 2008 Financial Crisis
http://newsbusters.org/blogs/noel-sheppard/20...
2 of 2

"...4
The research focused on two basic questions. First,
we asked what share of originations for subprime loans
is related to the CRA. The potential role of the CRA
in the subprime crisis could either be large or small,
depending on the answer to this question. We found that
the loans that are the focus of the CRA represent a very
small portion of the subprime lending market, casting
considerable doubt on the potential contribution that the
law could have made to the subprime mortgage crisis.
Second, we asked how CRA-related subprime
loans performed relative to other loans. Once again,
the potential role of the CRA could be large or small,
depending on the answer to this question. We found that
delinquency rates were high in all neighborhood income
groups, and that CRA-related subprime loans performed
in a comparable manner to other subprime loans; as
such, differences in performance between CRA-related
subprime lending and other subprime lending cannot lie
at the root of recent market turmoil.
In analyzing the available data, we focused on two
distinct metrics: loan origination activity and loan per
-
formance. With respect to the first question concerning
loan originations, we wanted to know which types of
lending institutions made higher-priced loans, to whom
those loans were made, and in what types of neighbor
-
hoods the loans were extended.
5
This analysis allowed
us to determine what fraction of subprime lending could
be related to the CRA.
Our analysis of the loan data found that about 60 per
-
cent of higher-priced loan originations went to middle- or
higher-income borrowers or neighborhoods. Such bor
-
rowers are not the populations targeted by the CRA. In
addition, more than 20 percent of the higher-priced loans
were extended to lower-income borrowers or borrowers
in lower-income areas by independent nonbank institu
-
tions—that is, institutions not covered by the CRA.
6
Putting together these facts provides a striking
result: Only six percent of all the higher-priced loans
were extended by CRA-covered lenders to lower-
income borrowers or neighborhoods in their CRA
assessment areas, the local geographies that are the
primary focus for CRA evaluation purposes. This result
undermines the assertion by critics of the potential for
a substantial role for the CRA in the subprime crisis...."

“Often imitated”

Since: Jul 07

never duplicated

#958701 Aug 2, 2013
Homer 2016 wrote:
<quoted text>You've waded in over your head again.
This isn't the real homer. He's not this fckn stupid.
Homer 2016

East Stroudsburg, PA

#958702 Aug 2, 2013
Realtime wrote:
<quoted text>Web Lowe got by nicely on a McDonald's paycheck.
Hey Realtime. Happy beer day today. Cheers.
Homer 2016

East Stroudsburg, PA

#958703 Aug 2, 2013
Eman wrote:
<quoted text>
Wtf is web lowe and why should I care?
You've bitten off more than you can chew.

“Often imitated”

Since: Jul 07

never duplicated

#958704 Aug 2, 2013
Homer 2016 wrote:
If I had a dime for all the dumb rightwing posts I've read, I'd only have maybe 10 bucks.
Homer doesn't read too many rightwing posts.
If I had a dime for all the intelligent leftwing posts on this thread, I'd maybe have a buck 20.
Homer 2016

East Stroudsburg, PA

#958705 Aug 2, 2013
Emoron wrote:
This quote sums it up:
"When you look at the facts rationally and digest exactly what they stand for, the issue becomes crystal clear. Simply put, tea party Republicans are giving hate groups a voice in mainstream politics."
Well, everyone needs a voice. No taxation without representation.
shrimp_on_a_trea dmill

Oklahoma City, OK

#958706 Aug 2, 2013
RealDave wrote:
<quoted text>
You do know Graham, Leach & Bliley were al Republicans, right?
Just checking.
They had to pass it to see what is in it....
Homer 2016

East Stroudsburg, PA

#958707 Aug 2, 2013
Eman wrote:
<quoted text>
This isn't the real homer. He's not this fckn stupid.
You've run your ship aground, again.

“Often imitated”

Since: Jul 07

never duplicated

#958708 Aug 2, 2013
Homer 2016 wrote:
<quoted text>Hey Realtime. Happy beer day today. Cheers.
Realtime celebrates beer day everyday.

“Often imitated”

Since: Jul 07

never duplicated

#958709 Aug 2, 2013
Emoron wrote:
This quote sums it up:
"When you look at the facts rationally and digest exactly what they stand for, the issue becomes crystal clear. Simply put, tea party Republicans are giving hate groups a voice in mainstream politics."
You'd better be sportin that Niner avatar, bitch.
shrimp_on_a_trea dmill

Oklahoma City, OK

#958710 Aug 2, 2013
Homer 2016 wrote:
<quoted text>Hey Realtime. Happy beer day today. Cheers.
Hey Gomer!

Happy wash a liberals ball sack day!

“Often imitated”

Since: Jul 07

never duplicated

#958711 Aug 2, 2013
Homer 2016 wrote:
<quoted text>You've bitten off more than you can chew.
Google "web lowe". I'll await your apology.
Homer 2016

East Stroudsburg, PA

#958712 Aug 2, 2013
Eman wrote:
<quoted text>
Not at all. Its you l.l.w. that don't get it.
Calm down boobie. I do not know what l.l.w. is if that helps.
Homer 2016

East Stroudsburg, PA

#958713 Aug 2, 2013
Eman wrote:
<quoted text>
Realtime celebrates beer day everyday.
I've noticed you're not mellowing with age.

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