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The CRA is alive and well...


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2015 Apr 7, 9:59am   12,303 views  20 comments

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SAVE THE DATE

2016 National Interagency Community Reinvestment Conference

February 7-10, 2016

JW Marriott at L.A. Live
900 West Olympic Boulevard
Los Angeles, CA 90015

This conference is the premier training and networking event for community development professionals, including CRA officers and staff from CDFIs, nonprofits and government agencies.

Featuring
Innovations in community development policy and practice
CRA examination training
Community development tours of Los Angeles

Curious about what to expect? Check out highlights from our 2014 program.

Sponsored by the Federal Deposit Insurance Corporation, the Federal Reserve Bank of San Francisco, the Office of the Comptroller of the Currency, and the U.S. Department of the Treasury’s CDFI Fund
2016-nicrc-sponsor-logos

Comments 1 - 20 of 20        Search these comments

1   MisdemeanorRebel   2015 Apr 7, 11:57am  

THEY CAUSED THE FINANCIAL CRISIS!!!! IT WAS A COMMIE PLOT STARTED IN THE 70S BUT TOOK 30 YEARS TO DESTROY 'MURICA. DIRTY NEGROES BACKED BY JEW COMMIES!!1ELEVENTY!11!

2   indigenous   2015 Apr 7, 12:05pm  

thunderlips11 says

THEY CAUSED THE FINANCIAL CRISIS!!!! IT WAS A COMMIE PLOT STARTED IN THE 70S BUT TOOK 30 YEARS TO DESTROY 'MURICA. DIRTY NEGROES BACKED BY JEW COMMIES!!1ELEVENTY!11!

You dumb son of a bitch.

3   HydroCabron   2015 Apr 7, 12:36pm  

CRA is sooo 5 minutes ago.

Agenda 21 is the real threat. WAKE UP, SHEEPLE!

4   Blurtman   2015 Apr 7, 5:44pm  

Them damn crafty poor people conspired to fool Ivy League MBA's, resulting in the last financial crash. Fucking poor bastards! The Harvard boys on Wall Street didn't stand a chance.

5   indigenous   2015 Apr 7, 5:50pm  

Blurtman says

Them damn crafty poor people conspired to fool Ivy League MBA's, resulting in the last financial crash. Fucking poor bastards! The Harvard boys on Wall Street didn't stand a chance.

It was actually the Fed that followed the orders of Carter then Clinton.

6   Blurtman   2015 Apr 7, 5:54pm  

indigenous says

It was actually the Fed that followed the orders of Carter then Clinton.

Tweren't the Fed that rolled bogus mortgages into Triple A rated mortgage backed securities.

7   indigenous   2015 Apr 7, 5:58pm  

Blurtman says

Tweren't the Fed that rolled bogus mortgages into Triple A rated mortgage backed securities.

Yup the ratings companies fucked up big time.

But none of this would have happened if not for the Fed making the money available in the first place, IOW it were Greenspan's fault.

8   Blurtman   2015 Apr 7, 6:51pm  

indigenous says

Yup the ratings companies fucked up big time.

No, no. They made tons of money.

9   anonymous   2015 Apr 7, 6:55pm  

Im sure indigenous is sitting at home all alone, deep in thought, considering the possibility that he is wrong here, and enthralled at the notion of learning something

10   indigenous   2015 Apr 7, 6:58pm  

errc says

Im sure indigenous is sitting at home all alone, deep in thought, considering the possibility that he is wrong here, and enthralled at the notion of learning something

I'm sure you are sure... But this is not something I dwell on, just read the facts on it some time ago, nothing any of the mutts have pointed out about this is anything more than a tautology.

11   anonymous   2015 Apr 7, 7:03pm  

What the hell is this nitwit talking about

12   indigenous   2015 Apr 7, 7:06pm  

errc says

What the hell is this nitwit talking about

Damnit errc, dry the fuck out.

13   anonymous   2015 Apr 7, 7:37pm  

Allow me to answer this for indigenous

"Words shmerds, splain dat cept ya can't says law mutts"

14   HEY YOU   2015 Apr 7, 11:42pm  

So many are gullible,misdirected,snowed,blinded by lack of critical thinking.
A few may realize that the greatest threat to the 11 dimensions is Democratic & Republican voters.

15   anonymous   2015 Apr 8, 9:09am  

HE'S "ANSWERING " BY COPY AND PASTING FROM INVESTOPEDIA.

Bwahahahahah lmao

16   indigenous   2015 Apr 8, 9:13am  

errc says

HE'S "ANSWERING " BY COPY AND PASTING FROM INVESTOPEDIA.

Bwahahahahah lmao

And the Wogster is not answering at all.

When you are done laughing, by THC addled friend, what part of that is not true?

17   humanity   2015 Apr 8, 3:05pm  

There is a connection there, but it's hard to know which is the dog and which is the tail. The fed does see itself as fine tuning the economy. When the economy is percieved to be overheating, and even more so if they believe increase in inflation (defined simply as increasing prices) is imminent, they raise interest rates. If they think things are slowing down, or if they believe a recession is immanent, they will lower interest rates.

The Fed does try to get out in front of things, but often times they are following the treasury bill, note and bond markets. They do see themselves as having a role of fine tuning the economy (at times).

Indigenous is not completely wrong about the feds impact on the economy, although sometimes they are simply following what's happening. Looking at the yield curve is where you can see when they become excessively "loose" or "tight," that is when they intentionally move further than what the markets would do alone, with the intent of affecting the economy one way or the other.

No informed person denies this.

But the idea that they injected easy money in to mortgage markets ? The idea that they had any impact on the risk that banks, mortgage brokers and other were willing to take in the lead up to the housing crash ? Or that they somehow influenced the way that mortgage risk was so radically mispriced ? That is ridiculous.

18   indigenous   2015 Apr 8, 4:28pm  

humanity says

But the idea that they injected easy money in to mortgage markets ? The idea that they had any impact on the risk that banks, mortgage brokers and other were willing to take in the lead up to the housing crash ? Or that they somehow influenced the way that mortgage risk was so radically mispriced ? That is ridiculous.

Au Contraire, look at this graph it shows how the credit market has increased since the Fed has been INJECTING MONEY INTO THE ECONOMY

The way it is with any bubble is that you have a bubble mentality which exacerbates the swings in the economy and lending standards. Certainly the CRA was seminal to this thinking as well as risk. That is tantamount to saying that the Greenspan, Bernanke, Yellin put has no influence on the market, It most certainly does. The bailouts most certainly influenced the Big Banks disposition on risk.

The fact is that the money supply does not need to be changed at all not one fucking iota.

The interest rate should be controlled by the savings rate without any government meddling.

IOW the Fed is a charade, with a pretend job and pretend prestige.

19   indigenous   2015 Apr 9, 6:56am  

bob2356 says

Want to point out any examples of a pure free market with no greed, 100% accountability, and no corruption?

As you know when it comes to economics there are always multiple dynamics at play.

The number one problem with all of it is QC, the market creates enormous constant pressure for QC.

As to the other yup you have to have a rule of law, otherwise the only rule is who has more force. But this force corrupts and ends up as the downfall of every country in history. And the method is always a corruption of the money. Will any country advance past this problem? Not in the foreseeable future.

The ones that come closest do the best job of QC in their education system. This is the countries with the highest standard of living. This country's education system has degenerated into an indoctrination facility.

20   indigenous   2015 Apr 9, 7:47am  

Ah a popularity contest?

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