Off-Topic: Other inconvenient truths
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Name:
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architect
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Subject:
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Other inconvenient truths
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Date:
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1/9/2019 7:53:37 PM
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that MM somehow neglected to mention.
The near complete deregulation of banks and the near abolition of any federal review of banking led by Sen Phil Gramm (R) had a more to do with the financial crisis than the CRA which specifically says that while banks could not refuse a loan to an otherwise qualified applicant due to racial or geographic factors no bank was required to make any loan to an unqualified borrower. the problem is the Gramm et al deregulation left it up to the banks to determine the requirements of qualification with no federal input. After dereg the banks fell all over themselves making bad loans.
The ''recovery'' during the last 2 years of the Obama term (job growth, reduction in unemployment rate, reduction in annual budget deficits, and stock market growth) was greater than during Trump's first 2 years.
Just because facts are not acknowledged or believed doen not stop them from being facts!
MM....yet another goose/gander...pot/kettle man!
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