Quote:
Originally Posted by LMJD
Wrong again.
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Yes, you are.
You are
banking (nice pun...eh?
) on anecdotal evidence from a single "source" who would love to blame someone else for her/her banks own mistakes.........and trying to pass it off as fact?
Yeah right.
Quote:
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......her bank and their branches were informed as per CRA regs that they WILL make X% number of their loans to what they referred to as NINJA borrowers--No Income, No Job, no Assets. No Income, No Job, no Assets. Sorry, but those "money hungry" loan officers and bank managers had no choice.
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Prove it with statistics......not what someone you know said.
In the meantime, educate yourself.
CRA didn't "cause" the sub-prime mess
(click here)
I also posted this a while back that takes a critical view of all of the actions/people that contributed to the crash. It covers all aspects and attempts to actually dig into the many facets of the problem.
But..........if you insist on taking a simplistic view that blames a single entity/action, I guess it won't matter how many facts you are shown.
25 People To Blame
(click here)
.
