I've been in banking for over 25 years, many on the lending side. Redlining has been illegal for years, if your bank is found to be redlining it will loose its ability to lend and therefore go bankrupt. Banks are annually and some times semi annually audited by the Federal Reserve or state agencies that make it impossible to redline. People mistake the inability to borrow due to work history, collateral value or better yet payment history as redlining or so it seems.
Uh, it went down under GWB. In fact, the deficit the year before the financial crisis was the smallest ($161B) since our surplus years and smaller than any deficit since.
Look at who you are replying to. He doesn’t understand the difference between deficit and debt.
This is a fallacy. The idea that there are 10’s of thousands sitting in Federal prison because they had an eighth of weed on them is a ridiculous lie. But that’s what she makes it sound like.
Trickle down economics is a sound philosophy in that only those who posses large amounts of capital are capable of providing jobs and innovation, lowering cost of living and price of goods, etc.
Presupposes that’s what it’s used for. Chicago Econ etc are not adherents of trickle down - nor am I. Old guard pubs. Wars. Pass.
I’ve been on multiple bank boards over 30 years. Red-lining data is looked at reviewed by boards multiple times a year. The FDIC reviews the data during audits. I guess bank boards and the FDIC are racist and ignore the bank data.
Check-out cities in the US, Chicago, Milwaukee, Birmingham Jackson, Baton Rouge, Detroit, Newark, and Philadelphia just to name a few. These cities are very segregated. Maybe you have something the bank boards and the FDIC are racists. There are ways of getting POC from different neighborhoods.
This is the new standard that we have come to expect from democrats. Who wants to live in a lie? Its nonstop. The AG goes after the president, and as the video's show from him with force, and then lies about it, They insert their bias and abuse with fisa warrants, they spy on US citizens though the DOJ, FBI, and IRS, the media lies nonstop. Who in the f*ck wants to live in this sh!t. Somebody wake me up
Welcome to America run by the DEMOCRATS. Isn't it great! No morals, No ethics. Moral Turpitude is the new standard set by democrats. Liberals!!!
Segregation is a choice, red-lining is not a thing. Again the issue is the quality of applicant that is very problematic. Unfortunately in some area's properties are not kept up to and therefore cause drastic decreases in value, this is a big problem but it isn't red-lining.
The main underwriting is done by the groups that will eventually purchase the mortgage. Most lending institutions sell 100% of their closed mortgages and therefore the buyers do most of the underwriting. Honestly underwriting is not very difficult (I've done it for commercial loans which are 100 times harder to underwrite) when you factor in the fair lending act and other regulations put in place to protect the consumer.
Lichtman has weighed in on the Trump verdict and it's effect on the 2024 race. He describes the effect as "cataclysmic" and despite all of the crrent MAGA noise I agree...I saw where the old boy who has correctly predicted 9 of the last 10 presidential elections, including Trumps win in 2016, has made some pretty cryptic comments regarding the 2024 election. While he hasn’t said outright that Biden will win, he has said that a lot would have to go wrong for him to lose.
He’ll make his official prediction in August.
I think the point is that polls and approval ratings mean almost nothing at this point.
‘A lot would have to go wrong for Biden to lose’: can Allan Lichtman predict the 2024 election?
The professor on his famous 13 ‘keys’ to the White House, a method for predicting election results that’s been right nine times out of 10www.theguardian.com
