Quote:
Originally Posted by cobra bill
And just when did everyone put on their rose colored glasses and stopped paying attention to what corporations and bankers have done to this country? You know all you guys ever talk about is liberal this and liberal that, what about the people that are truly responsible for this mess, and I don't leave politicians out of this equation, both parties, you want to hang Barny Franks Great let's start there, but I want to line up every swinging dick involved! the corporate takeover of this country started just before Reagan was appointed, Reagan was there puppet, all the hate radio talkers diverted attention away from what the corporations were up too, and by slamming liberals.
This take over by the corporate elite was very thorough, to even mention a liberal media is a joke, look who owns those corporations, and how few real media outlets there really are, if you wish to stay blinded to the facts that are in front of you, all I can do is pity your pathetic rants to further the corporate agenda, all I ask is who bought you off or do you whore your selves for free?
No one answered my question, how much of the total California budget are we talking about?
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Rose colored glasses is a market totally cornered by liberals. There are no rose colored glasses left for conservatives. Liberals and conservatives are NOT political parties. There are liberal Republicans, too many of them, and a conservative Democrat is a possibility, at least in theory.
40 years ago, bankers and corporate leaders were the MOST conservative people in the land. The old joke was, "To get a loan, you had to prove you did not need the money!"
POLITICIANS, not business people, decided that they could completely CONTROL the vote of the poor. But they had to get the poor to vote!
SO,
The CRA was passed as a result of national pressure to address the deteriorating conditions of American cities—particularly lower-income and minority neighborhoods.
[4] Community activists, such as
Gale Cincotta of
National People's Action in
Chicago, had led the national fight to pass, and later to enforce the Act.
[39]
The CRA followed similar laws passed to reduce discrimination in the credit and housing markets including the
Fair Housing Act of 1968, the
Equal Credit Opportunity Act of 1974 and the
Home Mortgage Disclosure Act of 1975 (HMDA). The Fair Housing Act and the Equal Credit Opportunity Act prohibit discrimination on the basis of race, sex, or other personal characteristics. The Home Mortgage Disclosure Act requires that financial institutions publicly disclose mortgage lending and application data. In contrast with those acts, the
CRA seeks to ensure the provision of credit to all parts of a community, regardless of the relative wealth or poverty of a neighborhood.[40][41] .
How completely STUPID is that last line?
In order to have any/all of these vote purchasing acts to work, numerous banking regulations had to be repealed since these acts perforce violated banking regulations.
The pols intended to solidify their consistent re-elections. But the "law of unintended consequences" gave business almost unlimited power. A it gave them sham financial instruments 'invented' by STUPID, SHORT sighted pols. Capable business people saw there were untold MILLIONS available with no risk, OR REGULATION, at all.
Did they pass on this opportunity FORCED upon them by corrupt politicians? Duh! NO.
If a bank leaves it doors and vault open and unguarded all night, and not a single individual with any criminal record walks by all night. Will there be any money left in the bank in the AM? Duh! NO!
But liberals possess a special gene that allows them to ignore the "Inconvenient Truth" of history.
My guess is that everyone is talking about the part of the California budget that they cannot fund!