SO WHAT’S THE *REAL* REASON CONSERVATIVES TRY TO BLAME THE COMMUNITY INVESTMENT ACT?

Aside from downplaying the annoyance of the huge risk of unregulated financial capitalism which was suggested by this final disaster, what is the genuine reason they have been perplexing to pin the censure upon the village investment act?
And so uncover how silly the indictment is; loans since underneath which action were GOVERNMENT cumulative only similar to Stafford Student loans ie no risk during all for the lender though still distinction as they the lender still got to assign interest.

{ 5 comments… read them below or add one }

robot_hooker5 August 25, 2010 at 10:33 am

You don’t see a problem with the last line of your question?

Yoda Cookie Monster August 25, 2010 at 10:35 am

if it helps the community, it’s communism. It’s all in the word.

communism- protects and supports the community
socialism- protects and supports the society
capitalism- protects and supports capital (profit) ($$)

Someone call the amberlamps August 25, 2010 at 11:35 am
0bozo the Marxist Clown August 25, 2010 at 12:29 pm
Thomas D August 25, 2010 at 1:01 pm

I do not blame that but I do blame both the lenders and borrowers.

We should have let the market correct itself instead of spending trillions to prop up housing prices and keep mortgage rates low.

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