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Old 10-23-2008, 02:59 PM
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aklim aklim is offline
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Join Date: Apr 2000
Location: Location: Greenfield WI, USA
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Quote:
Originally Posted by DieselAddict View Post
http://news.yahoo.com/s/ap/20081023/ap_on_bi_ge/greenspan_9



No mention of Clinton and his alleged "forcing" of subprime lending.
What threats would be posed when the property values stop rising? God will come in and take care of it? There is no risk of me making a bad loan if someone else will buy it over, is there? If this is what you are using to clear your buddy Clinton, it is a poor defense. I suppose this also clears George Bush Sr then? IIRC, the CRA was during his tenure. The CRA was the item that cleared half the congress and was threatened to be vetoed if it passed congress. Who holds veto over the Congress?
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