I won't attempt to prove a negative. It was you who made the claim CRA caused the housing crisis. It is therefore incumbent on you to prove the claim. This is especially true since you have provided no basis for your claim. I have provided facts related to the CRA that have not been refuted by you or anyone else..
Now then, here is your chance. Back up your claims. Refute the facts I have provided. Provide at least a theory as to how the CRA caused the housing crisis. -Matt On Feb 5, 2010, at 3:36 PM, Jeff Broadwick wrote: > I've seen plenty of research Matt. You ask for proof from me and you've > provided none yourself. If you want to provide the basis for your > statements and have an argument, let's have it. We'll probably have to do > it off-list, since I'm sure everyone is getting tired of this, as am I. > > > Regards, > > Jeff > > > Jeff Broadwick > ImageStream > 800-813-5123 x106 (US/Can) > +1 574-935-8484 x106 (Int'l) > > -----Original Message----- > From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On > Behalf Of Matt Liotta > Sent: Friday, February 05, 2010 3:29 PM > To: WISPA General List > Subject: Re: [WISPA] Common Carrier or what: The > FCC'sroleinregulationofnet-neutrality > > What does your quip have to do with your earlier assertions regarding CRA? > Is your response to facts that challenge your position to simply change the > subject? I worry you formed your position without proper research. > > -Matt > > On Feb 5, 2010, at 2:17 PM, Jeff Broadwick wrote: > >> Talk to a mortgage lender...they have all become agents for Fannie and >> Freddie. Few of them do their own underwriting anymore. >> >> >> Regards, >> >> Jeff >> >> >> Jeff Broadwick >> ImageStream >> 800-813-5123 x106 (US/Can) >> +1 574-935-8484 x106 (Int'l) >> >> -----Original Message----- >> From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] >> On Behalf Of Matt Liotta >> Sent: Friday, February 05, 2010 10:53 AM >> To: WISPA General List >> Subject: Re: [WISPA] Common Carrier or what: The FCC's >> roleinregulationofnet-neutrality >> >> You keep make unsubstantiated claims. Where is your data? If you are >> so sure of CRA's effect where is the data? I mean every bank must >> disclose there numbers of CRA mortgages, so it is not hard to see what >> percentage of the overall market they are. Further, banks also publish >> what percentage of bad mortgages they have on the books. The numbers >> are there and CRA is a fraction. Look it up. >> >> Remember, we are talking about subprime mortgages. in 2006, of the top >> 25 subprime lenders only 1 was subject to CRA. In fact, Fannie and >> Freddie went from a high of 48 percentage of subprime loans in 2004 to >> 24 percent in 2006 because of the enormous private market for subprime. >> >> -Matt >> >> On Feb 5, 2010, at 10:39 AM, Jeff Broadwick wrote: >> >>> I'm really not interested in getting into a big hairy argument with >>> you on-list Matt. The CRA DID have an effect, and the market created >>> by Fannie and Freddie allowed the whole thing to happen. There are >>> certainly other factors, but those are the two biggest. I will agree >>> with you that there were plenty of stupid people with Cs in their >>> titles that bellied up to the trough. >>> >>> >>> Regards, >>> >>> Jeff >>> >>> >>> Jeff Broadwick >>> ImageStream >>> 800-813-5123 x106 (US/Can) >>> +1 574-935-8484 x106 (Int'l) >>> >>> -----Original Message----- >>> From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] >>> On Behalf Of Matt Liotta >>> Sent: Friday, February 05, 2010 10:13 AM >>> To: WISPA General List >>> Subject: Re: [WISPA] Common Carrier or what: The FCC's role >>> inregulationofnet-neutrality >>> >>> >>> On Feb 5, 2010, at 10:06 AM, Brad Belton wrote: >>> >>>> The underlying point still holds true; big government imposing rules >>>> on lenders forcing them to lend to those that wouldn't have normally >>> qualified. >>>> >>> No, it in fact does not hold true. Since CRA mortgages were only a >>> fraction of the bad mortgages it is logical to conclude the other bad >>> mortgages would have still been made if there were no CRA mortgages. >>> Further, it is reasonable to assume that if no CRA mortgages were >>> made even more non-CRA mortgages would have been made given the >>> additional >> available capital. >>> >>> There is plenty of blame to go around; trying to pin it on one thing >>> is a waste of time. >>> >>> -Matt >>> >>> >>> --------------------------------------------------------------------- >>> - >>> ------ >>> ---- >>> WISPA Wants You! 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