[Rhodes22-list] Brad - You must be copying in CNN

[Brad Haslett]

Ed,

As you know, I'm a partisan, but I'm also a realist. To put this in
percentage terms, we only needed slightly less than 3% of the House to
change their vote to press on.  I can't possibly describe in words (at
least suitable for a sailors bar) how I feel about Pelosi.  She could
have kept her pie-hole shut for once and thought of her country first
and got this done.  It didn't happen.  A lot of Hollywood run their
mouths off every election about how they're going to move if their
side doesn't win, and they're always full of shit.  I'm trying real
hard to see the positive side of things here, but, Fan and I discussed
over dinner, "what's the worst that could happen to us?"  China is
short 10,000 pilots and we own two properties there that are paid for.

What, me worry?  If it weren't for the boys, I wouldn't be.

Brad

On Mon, Sep 29, 2008 at 6:55 PM, Tootle <ekroposki at charter.net> wrote:
>
> Brad:
>
> Lou Dobbs said that ACORN was an Ultra Leftist group and it was leftist in
> Congress that had the provision to fund it in the bailout...
>
> I usually do not watch the Communists News Network, but accidents do happen.
>
> Ed K
> Greenville, SC, USA
>
>
>
> TN Rhodey-2 wrote:
>>
>> Brad - I said CRA sub-prime defaults  represented less than 50% of
>> sub-prime
>> defaults. I hadn't checked in a year or so ....your claim blaing CRA made
>> me
>> curious . .A quick check shows I was way off.  CRAs actually have
>> performed much better than i remembered. They do not perform as welll as
>> prime but much better than traditional sub-prime and Alt A.  Do some
>> google
>> searches on CRA defaults.
>>
>>  see link from Slim's paper below. Check out the embedded PDF in the
>> article
>> for breakdown on CRA loans defaults in top 15 US cities. I don't know
>> anything about the paper but the PDF contains data refuting the claim the
>> CRA defaults are the problem. I searched hard but could find no claim with
>> numbers supporting  your position that CRA was the problem. In fact
>> people
>> (mostly politicians) making the claim didn't provide numbers and didn't
>> seem
>> to know what they are talking about......present company excluded of
>> course.
>> :-)
>>
>> Do you have NUMBERS  to support your claim that CRA loans are the problem?
>>
>> http://minnesotaindependent.com/10179/against-all-reason-bachmann-and-others-blame-1977-fair-lending-law-for-adding-to-economic-crisis
>>
>>  A quick check also confirmed most of the Sub-Prime Mortgage lenders did
>> not
>> have to be concerned with CRA. If ones reviews the numbers you can come to
>> the conclusion the CRA loans actually have helped keep foreclosures from
>> being worse. If these folks were not in a CRA loan they would be in
>> typical
>> sup-prime ARM with adjustable rates, high fees, and pre-payment penalties.
>>
>> A while back there was a  Congressional GAO report breaking down
>> foreclosures in every state by type of loan. I will try to find and post.
>> The main problems were Alt A Pay Option ARMs, Alt A Stated, Alt A No DOc,
>> and Sub-prime stated.
>>
>> Wally
>>
>> <http://minnesotaindependent.com/10179/against-all-reason-bachmann-and-others-blame-1977-fair-lending-law-for-adding-to-economic-crisis>
>> __________________________________________________
>> To subscribe/unsubscribe or for help with using the mailing list go to
>> http://www.rhodes22.org/list
>> __________________________________________________
>>
>>
>
> --
> View this message in context: http://www.nabble.com/Brad---A-little-more-on-CRAs-tp19732145p19733946.html
> Sent from the Rhodes 22 mailing list archive at Nabble.com.
>
> __________________________________________________
> To subscribe/unsubscribe or for help with using the mailing list go to http://www.rhodes22.org/list
> __________________________________________________
>