In response to:

Did Freedom Win?

metallic Wrote: Nov 14, 2012 10:18 PM
It does periodically examine FDIC-backed banks, and issues them a CRA compliance rating. A highly-rated bank must meet the financing needs of as many community members as possible, and must not discriminate against racial and ethnic groups or certain neighborhoods. However, a bank will not receive a high rating unless it is also maintains "safe and sound banking practices." In other words, the CRA requires banks to lend to working-class families and people of color -- but only when those people have been deemed as creditworthy as anyone else.
chipsmydog Wrote: Nov 14, 2012 11:53 PM
Brilliant analysis, as usual.
Wall St. had no idea Freddie Mac and Fannie Mae were backing most of the sub-prime loans being made.
Those Republicans that encouraged Barney Frank to reign in Fed involvement with the housing lending industry early on were ignorant trouble makers who were just racist.
All the mortgages approved and the skyrocketing property values had nothing to do with the House Banking Committee policies.
As usual, the Federal government is innocent, and politicians, especially the Democrats, are the guardian angels that protect us from our racist selves.
Democrats won big last week. So government will continue to grow. Individual freedom will yield.

At least some people with records of supporting liberty were elected: Sen. Jeff Flake in Arizona and U.S. Reps. Justin Amash and Kerry Bentivolio in Michigan and Thomas Massie in Kentucky.

Also, Washington and Colorado voted to allow any adult to use marijuana. (But users beware. Your newfound freedom may be short-lived thanks to that extraordinary human being in the White House -- you know, the one who smoked pot when he was in school. Despite promising that he wouldn't, he has cracked down on pot...