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SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
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<blockquote data-quote="Richard L" data-source="post: 963049" data-attributes="member: 52972"><p>Hugh,</p><p></p><p></p><p></p><p></p><p></p><p>I think we all agree on that point, however the title on your post would indicate that "The Obama Administration was pushing Banks to offer sub-prime loans". But nobody who read the article is jumping to that conclusion, and that is certainly not evident in the article</p><p></p><p></p><p></p><p>Then you clearly stated:</p><p></p><p>. </p><p></p><p></p><p></p><p>Where is your proof to back up that statement??? Please take a direct quote from the article that would clearly show that the Obama Administration is pushing for Sub-Primes again! It's simply not there. The author of the article quickly reminded the readers of the Sub-Prime mortgage fiaso, but did not say that anyone was suggesting, considering, urging, or arm twisting the banks to start doing Sub-prime loans again.</p><p></p><p></p><p></p><p>The Obama Administration is investigatig arbitrary bank practices that appear to block out certain neighborhoods from getting credit simply because they live in a redlined area. How that was twisted into "Pushing for sub=prime loans" certainly escapes me?</p><p></p><p></p><p></p><p>Also, when you speak of the "Obama Administration" you are speaking directly about Obama. All Presidents are responsible for their Administrations, and the actions of their administrations are a direct reflection on them as President. So you really cannot criticize the Administration without including the President.</p><p></p><p></p><p></p><p>...Rich</p></blockquote><p></p>
[QUOTE="Richard L, post: 963049, member: 52972"] Hugh, I think we all agree on that point, however the title on your post would indicate that "The Obama Administration was pushing Banks to offer sub-prime loans". But nobody who read the article is jumping to that conclusion, and that is certainly not evident in the article Then you clearly stated: . Where is your proof to back up that statement??? Please take a direct quote from the article that would clearly show that the Obama Administration is pushing for Sub-Primes again! It's simply not there. The author of the article quickly reminded the readers of the Sub-Prime mortgage fiaso, but did not say that anyone was suggesting, considering, urging, or arm twisting the banks to start doing Sub-prime loans again. The Obama Administration is investigatig arbitrary bank practices that appear to block out certain neighborhoods from getting credit simply because they live in a redlined area. How that was twisted into "Pushing for sub=prime loans" certainly escapes me? Also, when you speak of the "Obama Administration" you are speaking directly about Obama. All Presidents are responsible for their Administrations, and the actions of their administrations are a direct reflection on them as President. So you really cannot criticize the Administration without including the President. ...Rich [/QUOTE]
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SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
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