Friday, December 26, 2008

CRA Defenses Sound More Like CYA

Mortgage Meltdown: Democrats first circled the wagons around the Community Reinvestment Act, aided by their friends in the media. Now regulators have joined them. It's called CYA. ~ davidmesaaz Related Story: Social engineering: National suicide - By Henry Lamb In this story, Henry had let the cat out of the bag. The Community Reinvestment Act (CRA) was completely responsible for the financial collapse of the mortgage industry, especially in the area of the sub-prime mortgage collapse. I highly recommend that you read this story, along with the story referred to in this blog (CRA Defenses Sound More Like CYA). To put it bluntly, those people that are trying to defend the CRA should be among the many that ought to be doing time in a corrections facility, for treason against the United States of America. ~ John Kubicek read more | digg story, submitted by davidmesaaz

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