[Rhodes22-list] Brad - A little more on CRAs

Brad Haslett flybrad at gmail.com
Tue Sep 30 15:30:39 EDT 2008


Wally,

I really do have a life and the only reason I'm in front of the
computer all day today is because of some things going on at "The
Coast" involving home building.

Here's your "money shot" -

"For example, both Countrywide and NationsBank (now merged with Bank
of America) have reported that their affordable home loan portfolios
have had higher delinquency rates than their other conventional home
loans." (circa 2000 before the Wall Street subprimes took off)

Page 15 of this report-

http://www.federalreserve.gov/BoardDocs/Surveys/CRAloansurvey/cratext.pdf

Now read the whole g-damn thing and watch the videos I posted before
you shoot another spitball.

Brad

On Tue, Sep 30, 2008 at 1:45 PM, TN Rhodey <tnrhodey at gmail.com> wrote:
> Brad, Ha ha ha...A little testy huh?  It is not my fault you make claims
> that you can't support. It is not my fault you can't keep track of this
> thread either. Something isn't true just because  Brad say it is.
>
>  I am beginning to remember why I bailed out of the politics on this list.
> Folks can say and post what ever they want and that is all well and good.
> Heaven forbid you actually ask some one to provide a little data to support
> their claims. I asked you for data on CRA default rates several times and
> you produced nothing so why should one believe you? I guess it is just best
> to drop this...you can go on beliving CRAs have a higher default rate than
> normal subprime and that thay they were a leading cause of this problem.
>
> Based on numbers I saw a year ago this is just flat wrong. I just asked if
> you had anything more current. It turns out you don't have jack and I can
> see asking you to actually prove what you say is not to your liking.
>
> Me thinks i will go back to lurk mode.
>
>
>
>
> On Tue, Sep 30, 2008 at 1:37 PM, Brad Haslett <flybrad at gmail.com> wrote:
>
>> Wally,
>>
>> I'm not the friggen National statistician.  Someone has to call a halt
>> to this circle jerk and I'll do it first.  What exactly was your
>> point? This was a bubble, yes?  The bubble was caused by lax lending,
>> yes?  Who created the lax lending practices?  I assert that it started
>> with CRA.  And you assert what?  Please do explain to us all with your
>> infinite wisdom how we got where we are.  Here's my explanation of
>> every airplane crash since 1903.  Gravity!
>>
>> Brad
>>
>> On Tue, Sep 30, 2008 at 12:14 PM, TN Rhodey <tnrhodey at gmail.com> wrote:
>> > Brad, So you still got no numbers huh...what I figured. Frankly you
>> trying
>> > to explain (to me) how the mortgage crisis happened is like me trying to
>> > explain (to you) the cause of a plane crash. Like many you hear a bite on
>> > the web and you latch on to it because it sounds good.
>> >
>> > You make claims without numbers....why should one believe you? I sure
>> don't.
>> > Sorry but I will trust my real world job experience and actual data that
>> I
>> > have seen with my own eyes. You in turn can rely on wiki and your other
>> web
>> > sources. Good luck with that!!!
>> >
>> > Wally
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