I'm really not interested in getting into a big hairy argument with you on-list Matt. The CRA DID have an effect, and the market created by Fannie and Freddie allowed the whole thing to happen. There are certainly other factors, but those are the two biggest. I will agree with you that there were plenty of stupid people with Cs in their titles that bellied up to the trough.
Regards, Jeff Jeff Broadwick ImageStream 800-813-5123 x106 (US/Can) +1 574-935-8484 x106 (Int'l) -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Matt Liotta Sent: Friday, February 05, 2010 10:13 AM To: WISPA General List Subject: Re: [WISPA] Common Carrier or what: The FCC's role inregulationofnet-neutrality On Feb 5, 2010, at 10:06 AM, Brad Belton wrote: > The underlying point still holds true; big government imposing rules > on lenders forcing them to lend to those that wouldn't have normally qualified. > No, it in fact does not hold true. Since CRA mortgages were only a fraction of the bad mortgages it is logical to conclude the other bad mortgages would have still been made if there were no CRA mortgages. Further, it is reasonable to assume that if no CRA mortgages were made even more non-CRA mortgages would have been made given the additional available capital. There is plenty of blame to go around; trying to pin it on one thing is a waste of time. -Matt ---------------------------------------------------------------------------- ---- WISPA Wants You! Join today! http://signup.wispa.org/ ---------------------------------------------------------------------------- ---- WISPA Wireless List: [email protected] Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: [email protected] Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
