Tag Archives: CRA

$40 Billion Bank Settlement Was Actually Another Obama Redistribution Scheme

Posted on February 17, 2012 by DRenegade

The $40 billion bank settlement concerning home foreclosures has fine print that is just now being made public. This settlement will be repaid to the banks by the government so the American taxpayer is once again bailing out home mortgages … Continue reading →

Posted in Editorial | Tagged , , , , , , | Comments Off on $40 Billion Bank Settlement Was Actually Another Obama Redistribution Scheme

Resistance to the Community Reinvestment Act Is Futile

Posted on January 9, 2012 by DRenegade

Our nation’s banks must submit to the Federal Deposit Insurance Corporation’s requirements of the Community Reinvestment Act (CRA). As shown in this video, Rep. Royce outlines that the CRA was a contributing factor in the housing crisis. “CRA acted as … Continue reading →

Posted in Editorial, Financial | Tagged , , , | Comments Off on Resistance to the Community Reinvestment Act Is Futile

The Federal Reserve’s Latest Attack on Dollar – Mortgage Bailouts

Posted on January 9, 2012 by DRenegade

The Federal Reserve is out of ammunition. Its major weapon to control the supply of money is the interest charged on borrowing. Since the interest rate has been effectively zero for several years, this option is not available. With the … Continue reading →

Posted in Civil Unrest, Editorial, Financial | Tagged , , , , , | 4 Comments

A Riddle for America

Posted on October 4, 2011 by DRenegade
http://www.youtube.com/watch?v=_MGT_cSi7Rs”>httpv://www.youtube.com/watch?v=_MGT_cSi7Rs

Jimmy Carter started it, Barack Obama litigated it, Congress and Wall Street abused it and it led to a world wide economic collapse. What is it? The Community Reinvestment Act enacted by Jimmy Carter led to the belief that it is a … Continue reading →

Posted in Editorial, Energy, Voter issues | Tagged , , , , , | 1 Comment