On September 22nd, 2008 at 9:33 pm, genso said:
Hey, you know who else has written about some of these very things? Ayn Rand “Atlas Shrugged” Wanna know something else funny? Alan Greenspan was a disciple of her take on capitalism. I wonder whatever happened to him?

Considering he was the one that left interest rates too low for too long, I’d guess he’s hiding away somewhere. Of course, he did come out long enough to bash McCain’s tax plan.

Where are the conservative republicans? They have enough evidence now to skip the trial and arrange directly for Congressional HANGINGS with weasels Barney Frank and Christopher Dodd being first in line.

Liberals set the housing market on fire but WE are the ones getting burned by it AND the ones being forced to put it out!

Why can’t the homeowners that have not defaulted on their loans form a class action suit against barney frank, chris dodd etc. is that possible.

paulson just said the american taxpayer is on the hook, then atp should receive stock in aig, lehman bros, and all banks that atp are bailing out.

Look – here’s a link to the Senate Banking Committee’s contact form. http://banking.senate.gov/public/index.cfm?FuseAction=Contact.Form

On September 23rd, 2008 at 12:20 am, nbarry said:
Jim M.,
Redlining is when entire sections of town are barred by banks from eligibility for loan money even if some residents within that area have the resources to pay it back. Thus, if banks loaned funds to a few creditworthy borrowers who happen to live in an otherwise bad neighborhood, they could not be accused of redlining as long as they applied the same uniform standards to all areas.

That is the classic definition of redlining, but that definition expanded significantly in the push to generate higher risk loans. The application of “uniform standards” became obsolete, since the new lending programs all but eliminated any notion of traditional lending standards. And, if you were not “in the game” making those high risk loans, you were roundly criticized for your failure to reach out to low to moderate communities.