- Franklin Raines… also a Clinton budget director.
| Print article | This entry was posted by admin on 01/29/2010 at 14:09, and is filed under Healthcare. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
You must be logged in to post a comment.
about 1 hour ago - 2 comments
Does hoodia interfere with Zoloft and/or Saphris? I’m 15 and wanted to know if hoodia would cause any complications with my other medications. Thanks.
about 2 hours ago - 2 comments
My mom, who is 82, fell and hit her head on the stove then twisted around and landed on the floor on her hip. She denies this but I saw it. I was going to call 911 but she said she would kill me if I did. I think she would do it. More >
about 2 hours ago - 9 comments
http://news.yahoo.com/s/ap/20100311/ap_o…
Now Obama, Pelosi and Reid are throwing their OWN under the healthcare bus over abortion by side-stepping the Dems who do not support federal funding of abortion.
Utterly amazing, I swear November cant come fast enough.
about 7 hours ago - 4 comments
Last year my 1 y.o. grandson ended up in critical care because mom refused to listen to dad about their son’s illness. My son took the baby to the ER. He was diagnosed with RSV, asthma and bronchitis and admitted to the hospital for 1 week, 3 of those days in critical care. We almost More >
about 8 hours ago - 19 comments
The only near valid argument I’ve heard is that men can keep producing children as they get older (In most cases), but that doesn’t make any sense since very few women would want to have his children.
I’ve heard some people say that women lose value because we look old after menopause, but old men look More >
about 8 hours ago - 6 comments
I want to say “HR 2600″ but I can’t find it.
http://thomas.loc.gov/
about 20 hours ago - 3 comments
does the atkins diet make you have high cholesterol??? how does it affect cholesterol???
about 1 day ago - 1 comment
Like what the link between having high blood pressure to cause a heart attack
Please explain :3
Also if you can, can you do these as well ?
Not getting enough exercise causing heart attack
High blood cholesterol causing heart attack
Diabetes causing attack
Please help :3
Thank you if you answered in advance!
about 1 day ago - 2 comments
my mother is driving me crazy she says that I sing this song good to bad I don’t know the song lol.she says the music video has 3 girls one very small hispanic looking with red and white on maybe a hat to …help I have no clue. umm sorry i don’t know any lyrics More >
about 1 day ago - 19 comments
The American people do not want nationalized health insurance, they have spoken many times over, but tools in congress continue pressing.
How can the people convince those morons to move on to more pressing issues, like over spending and congressional corruption, and walk away from this loser issue?
about 1 month ago
And the point you are trying to make is what?
about 1 month ago
What’s more significant is McCain’s economic advisor, Phil Gramm, was an architect of the flawed financial system which led to the current crisis (Gramm-Leach-Bliley Financial Services Modernization Act of 1999).
Without Fannie Mae and Freddie Mac buying all those mortgages, the housing market would’ve imploded long, long ago (the American people wouldn’t have been unable to afford the interest rates required to entice banks to hold traditional mortgages in a country with no savings).
Re: Below
The Community Reinvestment Act had nothing to do with it. Banks were still inclined to follow sound lending practices. Only with the boom in securitization (in which foreign investors plowed their massive foreign exchange dollars back into U.S. investments) were banks and other originators able to make flawed loans without worrying about holding the losses. That’s why this happened after the millennium and not in 1977.
“Clinton’s changes” were signing Gramm-Leach-Bliley into law.
[Nor does the law require institutions to make high-risk loans that jeopardize their safety.] (1)
[It has lately become fashionable for conservative pundits (Larry Kudlow, George Will) and disgruntled ex-bankers (Vernon Hill, for example, in his March 7 American Banker editorial) to blame the current credit crisis on the Community Reinvestment Act. This is patent nonsense...the massive breakdown of underwriting and extension of risky products far down the income scale-without bothering to even check on income-was primarily a post-2003 phenomenon. To blame a statute enacted in 1977 for something that happened 25 years later takes a fair amount of chutzpah. ] (2)
about 1 month ago
Try the Community Reinvestment Act of 1977 and then Clinton’s CHANGES IN***1995*** that gave rise to no doc loans and subprime mortgages to get minority and low income people into homes.
Nothing to do with it? And how did the subprime craze begin?Community Reinvestment Act encourages banks and thrifts to make loans to riskier customers.
” According to an article in The Atlanta Journal-Constitution (11/04/07) titled “Black Atlantans often snared by subprime loans,” by Carrie Teegardin, a national study of credit scores, not just mortgage loan applicants, found that 52 percent of blacks have credit scores that would classify them as subprime borrowers compared with 16 percent of whites.
Many lenders did make loans to people who had no realistic ability to pay them back. But that doesn’t qualify as fraud, although there might have been a bit of exuberance in the repackaging of the mortgages into securities and selling them to investors. Some argue that many borrowers defrauded the banks by misrepresenting their income, the so-called “no doc” loans or “liar’s loans”. “http://www.townhall.com/columnists/Walte…
Not saying bank’s don’t hold accountability but the CRA is where it all begin.
Good try though.
Gramm-Leach-Bliley – CRA Amendments:
Sunshine Requirements
* Requires full public disclosure of all CRA agreements.
* Requires each bank and each non-bank party to a CRA agreement to make a public report each year on how the money and other resources involved in the agreement were used.
Small Bank Regulatory Relief
* Applies to small banks and savings and loans, with no more than $250 million in assets.
* Small banks and S&Ls having received an outstanding rating at their most recent CRA exam shall not receive a routine CRA exam more often than once each 5 years.
* Small banks and S&Ls having received a satisfactory rating at their most recent CRA exam shall not receive a routine CRA exam more often than once each 4 years.
Preservation of Current Law
* Clarifies that nothing in the act repeals any provision of the CRA.
CRA Compliance Check
* The Federal Reserve may not permit a company to form a financial holding company if any of its banks or S&Ls did not receive at least a satisfactory rating in its most recent CRA exam.
* No bank or financial holding company may commence new activities authorized under the Gramm-Leach Act if any bank, or bank affiliate of a financial holding company, received less than satasfactory rating at its most recent CRA exam.
Federal Reserve Study
* Directs the Federal Reserve Board to conduct a study of the default rates, delinquency rates, and profitability of CRA loans.
Treasury Study
* Directs the Treasury, in consultation with the bank regulators, to study the extent to which adequate services are being provided as intended by the CRA.
CLINTON CHANGES in 1995:
The 1995 revisions were credited with helping to substantially increase the amount of loans to small businesses and to low- and moderate-income borrowers for home loans. Part of the increase in the latter type of lending was no doubt due to increased efficiency in the secondary market for mortgage loans. The revisions allowed the securitization of CRA loans containing subprime mortgages. The first public securitization of CRA loans started in 1997. [1]
Don’t forget James A. Johnson multimillion dollar payout from Fannie Mae and he led Obama’s VP search.
about 1 month ago
I’m sure FM could use most of that $50M right about now.