14 Replies to “"A Renewed Crackdown on Redlining"”

1. newrouter says:

   May 12, 2011 at 4:19 pm

   “So they formed a group called the St. Louis Equal Housing and Community Reinvestment Alliance and began writing complaint letters to federal regulators. ”

   looks like an acorn to me.

2. Joe says:

   May 12, 2011 at 4:26 pm

   Because they can do it right next time around!

   I heard this Rush bit myself, the guy spearheading this at the Justice Department is also the same guy who opted not to prosecute the Black Panthers for voting violations in Philly.

3. Carin says:

   May 12, 2011 at 4:29 pm

   “If you put your branches only in upper-income areas, the regulators are not accepting that anymore,” says Warren W. Traiger, a lawyer at BuckleySandler in New York, which advises banks on fair lending issues.

   Gee. Why wouldn’t you want to put a branch on – say – 8 mile in Detroit?

   Or 7 mile.

   POWER TO THE PEOPLE.

   Gratiot and Mack.

   Beautiful location.

4. Abe Froman says:

   May 12, 2011 at 5:06 pm

   Like we haven’t already wasted enough money on housing projects and bank loans for uneducated brood sows who pop out babies like PEZ dispensers. Let them eat cake … from the complimentary Easy Bake Oven that we’ll provide with government issued tents.

5. newrouter says:

   May 12, 2011 at 5:09 pm

   “from the complimentary Easy Bake Oven ”

   those won’t work any longer because of the incandescent light thingy.

6. Abe Froman says:

   May 12, 2011 at 5:15 pm

   those won’t work any longer because of the incandescent light thingy.

   Damn it!

7. McGehee says:

   May 12, 2011 at 5:54 pm

   And a commenter over there at BusinessWeek is blaming the mess on “[Karl Rove McKinley],} whoever that is, instead of Barney Frank and Chris Dodd.

8. Lost My Cookies says:

   May 12, 2011 at 5:58 pm

   Hey, This is how I made my first fortune.

9. Bob Reed says:

   May 12, 2011 at 6:31 pm

   So wait, the Feds are going to banks capitualte to the mau-mau-ing of community agitator groups again? How’d that work out last time?

   This is ridiculous, to be able to tell a bank that because it does business in one place it should also have to open a branch in the combat zone.

   Or to whine about why certain areas don’t have, “access to credit”…

   How about because they historically haven’t paid it back? But, you know, that’s racists…

   This shit has to stop.

10. Pablo says:

    May 12, 2011 at 7:23 pm

    So wait, the Feds are going to banks capitualte to the mau-mau-ing of community agitator groups again?

    What did you expect from an Obama administration?

    How’d that work out last time?

    Fabulously. Just ask them.

11. zino3 says:

    May 12, 2011 at 8:41 pm

    Yup.

    We just screwed it up last time around. Credit should be automatically given to anyone with a credit score of 300 or below. I promise, they will pay their loans. PROMISE!

    And if they don’t, I will take YOUR money to make these loans good!

    Whether you speak English, or not…

12. John Bradley says:

    May 13, 2011 at 1:19 am

    Remember way back when all that Cloward-Piven talk was wild-eyed conspiracy stuff, rather than patently obvious to anyone not named Rick Moran.

    Good times, man. Good times.

13. Mueller says:

    May 13, 2011 at 7:27 am

    The first time is tragedy, but since I’ve got nothing to lose anymore, I’ll pop some corn and await the hijinks.

14. mojo says:

    May 13, 2011 at 8:42 am

    1) They’re not “disadvantaged” neighborhoods, they’re poor. Because they got no money. Because they’re out of work. Presumably.

    2) Can we put Bertha’s house on the list to be “shared” with the “disadvantaged”? Please?

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