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Originally Posted by BobR
You better meet your quota of loans to people with BAD CREDIT or you may find yourself unable to open up that new branch across town.
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You completely ignored this part of your own quote..
".......consistent with safe and sound operation."
It wasn't CRA that made the bankers loan to bad credit risks.
It was the dollar signs swimming in the bankers eyes.
They knew they could mix them in with good loans and then turn around and unload them because the rating companies didn't have a clue what was actually in the 'derivative.'
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Quote:
How is that for regulation?
Is this the type of regulation that you think we need more of?
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You've made one heck of a leap to think that this is any kind of regulation.
Let me guess................you got it from
Limpbaugh?
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