dont take it personal, but I do think the pot is calling the kettle black,,,

arrogance and ignorance? facts? stay off the topic?

what I can deny is that ALL liberal cities are failing, and CLINTON is responsible for corporate bigshots acting out corporate greed and 'liberal' environmentalism is killing jobs and sinking states

you are right , I dont 'get' what facts have been provided as proof of any of these opinions,,, I do see correlations posing as causation and opinion posing as FACT

another correlation the author may want to look at, as opposed to race and liberalism, is the ECONOMY

we have suffered a recession, people move where the jobs are, the south which has a predominate agricultural industry happens to flourish better than the north which has a high manufacturing industry,,,,there are millions of correlations which could be made having to do with the economy but putting it all off on liberalism or race is an intellectual copout

but I wont suggest, like so many self proclaimed anti liberals in this thread, that those who are taking the copout or DARING to question my responses not post their opinion on this thread...please,, continue condescending,,,,

Here is your proof. Clinton made it easier for people with no money to get credit and not only that but he also made it easier for banks to operate secretly. He reduced how often we viewed to banks info and he redistributed the wealth to minority's and women.

BOOM! They're is your proof!

Regulatory changes 1995

In July 1993, President Bill Clinton asked regulators to reform the CRA in order to make examinations more consistent, clarify performance standards, and reduce cost and compliance burden.[55] Robert Rubin, the Assistant to the President for Economic Policy, under President Clinton, explained that this was in line with President Clinton's strategy to "deal with the problems of the inner city and distressed rural communities". Discussing the reasons for the Clinton administration's proposal to strengthen the CRA and further reduce red-lining, Lloyd Bentsen, Secretary of the Treasury at that time, affirmed his belief that availability of credit should not depend on where a person lives, "The only thing that ought to matter on a loan application is whether or not you can pay it back, not where you live." Bentsen said that the proposed changes would "make it easier for lenders to show how they're complying with the Community Reinvestment Act", and "cut back a lot of the paperwork and the cost on small business loans".[36]

By early 1995, the proposed CRA regulations were substantially revised to address criticisms that the regulations, and the agencies' implementation of them through the examination process to date, were too process-oriented, burdensome, and not sufficiently focused on actual results.[56] The CRA examination process itself was reformed to incorporate the pending changes.[40] Information about banking institutions' CRA ratings was made available via web page for public review as well.[36] The Office of the Comptroller of the Currency (OCC) also moved to revise its regulation structure allowing lenders subject to the CRA to claim community development loan credits for loans made to help finance the environmental cleanup or redevelopment of industrial sites when it was part of an effort to revitalize the low- and moderate-income community where the site was located.[57]

During one of the Congressional hearings addressing the proposed changes in 1995, William A. Niskanen, chair of the Cato Institute, criticized both the 1993 and 1994 sets of proposals for political favoritism in allocating credit, for micromanagement by regulators and for the lack of assurances that banks would not be expected to operate at a loss to achieve CRA compliance. He predicted the proposed changes would be very costly to the economy and the banking system in general. Niskanen believed that the primary long term effect would be an artificial contraction of the banking system. Niskanen recommended Congress repeal the Act.[58]

Niskanen's, and other respondents to the proposed changes, voiced their concerns during the public comment & testimony periods in late 1993 through early 1995. In response to the aggregate concerns recorded by then, the Federal financial supervisory agencies (the OCC, FRB, FDIC, and OTS) made further clarifications relating to definition, assessment, ratings and scope; sufficiently resolving many of the issues raised in the process. The agencies jointly reported their final amended regulations for implementing the Community Reinvestment Act in the Federal Register on May 4, 1995. The final amended regulations replaced the existing CRA regulations in their entirety.[59] (See the notes in the "1995" column of Table I. for the specifics)

Legislative changes 1999

In 1999 the Congress enacted and President Clinton signed into law the Gramm-Leach-Bliley Act, also known as the "Financial Services Modernization Act". This law repealed the part of the Glass-Steagall Act that had prohibited a bank from offering a full range of investment, commercial banking, and insurance services since its enactment in 1933. A similar bill was introduced in 1998 by Senator Phil Gramm but it was unable to complete the legislative process into law. Resistance to enacting the 1998 bill, as well as the subsequent 1999 bill, centered around the legislation's language which would expand the types of banking institutions of the time into other areas of service but would not be subject to CRA compliance in order to do so. The Senator also demanded full disclosure of any financial "deals" which community groups had with banks, accusing such groups of "extortion".[60]

In the fall of 1999, Senators Christopher Dodd and Charles E. Schumer prevented another impasse by securing a compromise between Sen. Gramm and the Clinton Administration by agreeing to amend the "Federal Deposit Insurance Act" (12 U.S.C. ch.16) to allow banks to merge or expand into other types of financial institutions. The new Gramm-Leach-Bliley Act's FDIC related provisions, along with the addition of sub-section § 2903(c) directly to Title 12, insured any bank holding institution wishing to be re-designated as a financial holding institution by the Board of Governors of the Federal Reserve System would also have to follow Community Reinvestment Act compliance guidelines before any merger or expansion could take effect.[61]

At the same time the G-L-B Act's changes to the "Federal Deposit Insurance Act" would now allow for bank expansions into new lines of business, non-affiliated groups entering into agreements with these bank or financial institutions would also have to be reported as outlined under the newly added section to Title 12, § 1831y. (CRA Sunshine Requirements), satisfying Sen. Gramm's concerns.[62][63]

In conjunction with the above "Gramm-Leach-Bliley Act" changes, smaller banks would be reviewed less frequently for CRA compliance by the addition of §2908. (Small Bank Regulatory Relief) directly to Chapter 30, (the existing CRA laws), itself. The 1999 Act also mandated two studies to be conducted in connection with the "Community Reinvestment Act":[64]

* the first report by the Federal Reserve, to be delivered to Congress by March 15, 2000, is a comprehensive study of CRA to focus on default and delinquency rates, and the profitability of loans made in connection with CRA;[65]
* the second report to be conducted by the Treasury Department over the next two years, is intended to determine the impact of the Act on the provision of services to low- and moderate-income neighborhoods and people, as intended by CRA.[66]

On signing the "Gramm-Leach-Bliley Act", President Clinton said that it, "establishes the principles that, as we expand the powers of banks, we will expand the reach of the [Community Reinvestment] Act".[67]

LMAO!!! Is that what you think? Then explain Austin and Dallas and Houston . You don't know anything about Texas do you? We are VERY conservative and THAT'S WHY WE ARE THRIVING! We give tax breaks to businesses and make it easy for them to businesses! We don't allow liberal CRAP to interfere with our ability to make money!!!!!!

You disagree PROVE IT. Show me a list like I showed you! Show me the liberal cities above the conservative cities and also make sure they have not declined either!

firstly,, how is this

'"The only thing that ought to matter on a loan application is whether or not you can pay it back, not where you live." Bentsen said that the proposed changes would "make it easier for lenders to show how they're complying with the Community Reinvestment Act", and "cut back a lot of the paperwork and the cost on small business loans".[36]



correlate to this

'Here is your proof. Clinton made it easier for people with no money to get credit and not only that but he also made it easier for banks to operate secretly'



where is the legislation clinton passed single handedly giving people with NO MONEY credit?

the issue here, is that there is alot of information which can be interpreted to mean different things and there are far too many ABSOLUTE opinions expressed which fail to be proven as absolute at all...

really? really?!! did you read your own OP....lol lol

I will quote the section I referred to( a reference not a 'card')

''First: Consider the black inner cities of America – New York, Chicago, Detroit, Los Angeles, etc. -- that include tens of millions of citizens. Who controls these areas with an iron grip?

The Democrat party does, that’s who.

Why is the unemployment rate, dependence on food stamps and other government handouts, the poverty rate and the murder rate always much higher in these areas than elsewhere in the nation? ''


race card,,,haaaaaaaaaaaaaaaaaaaaaaaa

so it comes out,, the 'you people' defense

lol, ,please continue condescending,,

I and 'my people' progress in SPITE of racism not because racism is gone,,,

The Clinton Administration's regulatory revisions [2] with an effective starting date of January 31, 1995, were credited with substantially increasing the number and aggregate amount of loans to small businesses and to low- and moderate-income borrowers for home loans. Massive new provisions to CRA that forced banks to issue $1 trillion dollars in bad loans and indirectly fund the work of radical left-wing organizations."[3] Part of the increase in home loans was due to increased efficiency and the genesis of lenders, like Countrywide, that do not mitigate loan risk with savings deposits as do traditional banks using the new subprime authorization. This is known as 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. [4


"Crucially, the new CRA regulations also instructed bank examiners to take into account how well banks responded to complaints. The old CRA evaluation process had allowed advocacy groups a chance to express their views on individual banks, and publicly available data on the lending patterns of individual banks allowed activist groups to target institutions considered vulnerable to protest. But for advocacy groups that were in the complaint business, the Clinton administration regulations offered a formal invitation. The National Community Reinvestment Coalition, a foundation-funded umbrella group for community activist groups that profit from the CRA, issued a clarion call to its members in a leaflet entitled 'The New CRA Regulations: How Community Groups Can Get Involved.' 'Timely comments,' the NCRC observed with a certain understatement, 'can have a strong influence on a bank's CRA rating.'"

"'To avoid the possibility of a denied or delayed application,' advises the NCRC in its deadpan tone, 'lending institutions have an incentive to make formal agreements with community organizations.' By intervening, even just threatening to intervene, in the CRA review process, left-wing nonprofit groups have been able to gain control over eye-popping pools of bank capital, which they in turn parcel out to individual low-income mortgage seekers. A radical group called ACORN Housing has a $760 million commitment from the Bank of New York; the Boston-based Neighborhood Assistance Corporation of America has a $3-billion agreement with the Bank of America; a coalition of groups headed by New Jersey Citizen Action has a five-year, $13-billion agreement with First Union Corporation. Similar deals operate in almost every major U.S. city. Observes Tom Callahan, executive director of the Massachusetts Affordable Housing Alliance, which has $220 million in bank mortgage money to parcel out, "CRA is the backbone of everything we do."

HAHAHA! MOAR PROOF!

of nothing but someones ASSESSMENT of a policy ,,,and an author linking events back to ONE PERSON, just by stating its so instead of PROVING its so....

Hmmm so because he stated statistical FACTS, you are calling him a racist? LMAO!! So am I a racist if I say that black people have commit more crimes and fill up more of our prisons and jails? Would that be racist of the truth?

You seem to get the two confused. See you don't disagree it just ticks you off that it's true . So you pull the RACE CARD to try to ***** and moan and cry because you don't like the truth.

Yea you and "your people" are the reason racism exsist. It's because you are always whining about the "white man keeping you down" Yet the WHITE MAN gives your people so much that he COMPLETELY BANKRUPTED THE COUNTRY!!

And all you can do is complain and ***** and moan. Well **** that ****! Get the **** out of this country then, if it's so bad for you and "your people" Go back to Africa where YOUR OWN BLACK ANCESTORS SOLD YOUR OWN PEOPLE TO THE WHITE PEOPLE!!
If you want someone to blame go ***** at the Africans who enslaved your people int the first place!!!!!

who did I call racist exactly? not sure who you are referring to,,,,

If you say black people 'have commit more crimes and fill up more of our prisons and jails '

I would most likely consider you misinformed instead of racist UNLESS you were making the statement in a context to imply some inherent criminality amongst black people,,,

the truth is just fine with me, but opinions are a dime a dozen and truthful FACTS are a different issue which rarely come up in these threads,,

and my 'family' have been in the US of A for several generations,probably more than plenty of 'your' people so I will 'go back' to Africa, as soon as they go back to wherever the Mayflower brought them from,

better yet, lets not go into the whole my people and your people smokescreen,, lets stick to the debating and stop making it personal,,,,


for now, I am an american with just as much right to an opinion as anyone else even if it means I dont blindly agree with whatever Im told or allow others to bully me with opinions that they deem to be 'truly' worthy of my residence here

All I hear is blah blah blah I am ignorant of the truth and I refuse to educate myself because.....

A.) I have a duty to my race to always side with black people (we call this the black vote)
B.) I would actually have to admit I am wrong.(probably the real reason)

If I am wrong, I want you to tell me why this is not factual, and I want to know why YOU think that the recession happened.

Go ahead , and don't post a link I want to know what YOU think happened and why.

I am neither ignorant or refusing to educate myself, I just dont see this thread or any random choice of websites(out of the millions posted) as EDUCATIONAL material, most find those sites that back up what they already believe, most people seek out affirmation for their beliefs(psych 101)

what I do see is people sharing opinions and posting other random facts and opinions which SEEM to back theirs up

my responses are not about a duty to race, my responses are about being truthful and relevant

I am not an economist, but if I had to take a laymans guess at what prompted this past recession it would be the wars in iraq and afghanistan, tax cuts, the collapse of the financial industry, the housing market, and the disproportionate rise in the cost of living compared to a stagnate living wage,,,

oookaay..so when she posts an opinion you insist you want FACTS...
when she posts facts you insist you want her OPINION

either way, after reading the back and forth dueling going on here, its clear that your true motive is to brow beat someone into conceding you are right and they are wrong...a classic Ditto-head tactic... keep it up..Im finding it very amusing and frankly MsHarmony keeps proving herself to be quite the intelligent person..my congrats to her.

Blacks do commit more crimes. LOL I won't waste my time with facts because you stare facts in the face and say they just ain't so.

Most black people even know that's true. LOL

uhhuh, quite literally, black people are CONVICTED of more 'violent' crimes, relatively speaking this is different than actually COMMITTING more crimes ( I wouldnt be able to say what 'race' holds that honor)


http://www.bop.gov/news/quick.jsp

Ok so when you are talking about the housing market and the financial industry, and the rise in the cost of living you are talking about things that I already showed you. I showed you how those problems came to be. The problem is that you have not given a REASON as to why the problems came to be. SOMETHING happened and CAUSED this problem. So since you disagree what's the reason? What caused it?

I am sorry that you take my ability to debate correctly as being rude or wanting to hurt people or belittle them. I just enjoy a good debate and I would hope that ANYONE who jumps into a political debate would be aware that people do not sugar coat things. If your feelings got hurt that's a personal problem. Until you meet me personally and can make an assessment of who and what I am please don't try to act like you can make a judgment on me based off of a political debate.

in order

two wars - 9/11 and the government's (under Bush leadership) choice of reaction

tax cuts - more government policy (under Bush leadership)

financial and housing collapse - corporate greed, or more specifically, taking advantage of policies intended to assist more people by purposely misleading people instead(believing they would be legally able to force more money from them through interest rates,,,)

cost of living rise compared to living wage stalemate - this is harder to pinpoint to any one event or time period,, basically as outsourcing and automation have increased, jobs have been lost and employers have been able to employ for a lower wage while continuing to increase profits,,,

LOL right of course it's racial profiling and the racist white people who keep all "your people" enslaved.

I guess it's a conspiracy to not provide fair and equal counsel and all the white people do get fair trials right?

If you don't mind I would like to know ALL of the things US white people do to "your people". Please tell me how EVERYTHING bad about black people is really not true and all white propaganda.

I guess all those convicted people were just at the wrong place at the wrong time LOL

from this

'you guys are the first one's to pull the ****ing race card. Get over yourself I have no patience for that pathetic argument. That **** makes me so angry I could spit!

You people get EVERYTHING HANDED TO YOU!
You were NOT a slave so you will get NO pity from me! Especial when YOU get more help to make it in this country than I DO!!!!! '


to this

'Until you meet me personally and can make an assessment of who and what I am please don't try to act like you can make a judgment on me based off of a political debate.'



too hilarious,,,

I have to re post, its nothing personal

and I have not made any statements about ALL of anyone, in fact, that is the very type of statement I have been refuting for most of this thread,,lol

racial profiling is as real as sexual harassment or discrimination, it doesnt hold me back as I said, I progress in SPITE of it, but it in no way means I shouldnt speak about it or work to make it better,,,

there is no conspiracy(that would imply some organized effort) but there is a HISTORY of segregation and discrimination and racial imagery in the media that plays a big part in personal perceptions about race and people within a race

there is an economical legacy to those segregatatory and racist policies and laws which does put minorities at an economic disadvantage, and in a capitalistic society where MONEY talks, that does make a difference in the types of assumptions that are made about them by some officers and in the type of representation and leniency(or lack of) they receive in the justice system