Submitted by Mark Kraft (not verified) on October 1, 2008 - 2:15pm.
I find this post quite balanced and rational.
That the problem we are having with those playing the CRA blame game, such as the last commentator, is that they are entirely partisan and have no knowledge basis for cherry picking their arguments.
For instance, "Mort Tennyson" above, who cites Kevin Hassett, McCain's economic advisor and author of "Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market". If that's not the bubble mentality in a nutshell, I'm not sure what is...
Really, this anti-CRA behavior is like something that 9/11 conspiracy theorists would indulge in, an attempt to affix the blame to poorer Americans and minorities, while excusing the behavior of the irresponsible speculators primarily responsible for this mess.
Seems to me...
I find this post quite balanced and rational.
That the problem we are having with those playing the CRA blame game, such as the last commentator, is that they are entirely partisan and have no knowledge basis for cherry picking their arguments.
For instance, "Mort Tennyson" above, who cites Kevin Hassett, McCain's economic advisor and author of "Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market". If that's not the bubble mentality in a nutshell, I'm not sure what is...
Really, this anti-CRA behavior is like something that 9/11 conspiracy theorists would indulge in, an attempt to affix the blame to poorer Americans and minorities, while excusing the behavior of the irresponsible speculators primarily responsible for this mess.