I am not sure if this post is troll bait, but there is some truth in most of the posited "myths." Life is often more nuanced than true and false. I actually posted a bit about how in practice AA can morph into quotas effectively speaking. If rationing = death panels, well then that is where we are headed. The CRA was a contributor as part of a larger government full court press via Fannie and Freddie to push lenders to make sub prime mortgages, which was one major, but not the only, factor in the financial melt down. Read Snowguy's stuff here on climate change, and some of the number cooking that has gone on, and new evidence that raises major questions about the CO2 = global warming edifice. Welfare did contribute to a perma-poverty class until Bill Clinton was effectively forced, kicking and screaming, to triangulate and sign off on welfare reform to secure his re-election. And so on.
yes this thread was created in order to start an argument.
Show how AA could lead to quotas, but also admit that the policy itself does directly create quotas.
//The CRA was a contributor//
by how much?
Sub-prime loans have a much higher default rate when compared to CRA loans, and in fact CRA loans are more comparable to prime loans. Meanwhile independent institutions that were non-CRA backed were more likely to engage in sub-prime, and they also had a much higher default rate. Thus if the CRA had a sizable impact on the housing crisis than wouldn't there be more CRA loans defaulting?
//new evidence that raises major questions about the CO2 = global warming edifice.//
The more accurate phrase is "climate change", and do you care to show me such evidence?
//Welfare did contribute to a perma-poverty class//
care to explain why the poverty rate dropped from 22% and bottomed out at 11%? This decline occurred from 1963 to the early 70's! This is the most dramatic drop in poverty in our nations history. I have my own explanation,but I would like to hear yours......
