On Wednesday, October 8, 2008 at 17:08:58 (-0700) David B. Shemano writes: >Raghu writes: > >>> This may sound plausible and fit nicely with free-market ideas, but as >>> I pointed out earlier, there is exactly zero evidence to back it up. I >>> am afraid even the most elegant theory is useless if it doesn't agree >>> with the facts. >>> >>> Countrywide was not run for the maximization of applause or anything >>> else other then profits and thats just a fact.
>We will have to agree to disagree. There was bipartisan political >pressure to increase homeownership in various communities, which by >definition required a relaxation of historical lending standards. You have a typo. I have corrected to reflect what you must have meant to say: >We will have to agree to disagree. There was bipartisan political >pressure to increase homeownership in various communities, which by >definition required a relaxation of historical racist discrimination. as this actually reflects the facts of the case, and your previous version does not. Bill _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
