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SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
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<blockquote data-quote="H D" data-source="post: 963039" data-attributes="member: 68494"><p>I admit I just used the tag from the source as the title, but I still think it is legitimate. KL's description is adequate.</p><p></p><p></p><p></p><p>I certainly did not misrepresent anything, deceive, or jump to any conclusions. I just use simple deductive reasoning. But for further proof, since it has been asked for:</p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>Agencies are telling banks where they must make credit available, namely low-income areas where mortgages are inherently "sub-prime." These agencies are operated by the executive branch of the government. The executive branch of the government can also be referred to as President Obama's "administration." Therefore, "Obama admin pushing banks to offer sub-prime mortgages again."</p><p></p><p></p><p></p><p>I know this wasn't directly spelled out in the article, but that's what I read. You don't really have to go between the lines or make any loose connections. The executive branch is acting again in its power that previously forced the housing market to crash.</p><p></p><p></p><p></p><p>I'd be interested to read different interpretations because that honestly is the only one I'm seeing.</p></blockquote><p></p>
[QUOTE="H D, post: 963039, member: 68494"] I admit I just used the tag from the source as the title, but I still think it is legitimate. KL's description is adequate. I certainly did not misrepresent anything, deceive, or jump to any conclusions. I just use simple deductive reasoning. But for further proof, since it has been asked for: Agencies are telling banks where they must make credit available, namely low-income areas where mortgages are inherently "sub-prime." These agencies are operated by the executive branch of the government. The executive branch of the government can also be referred to as President Obama's "administration." Therefore, "Obama admin pushing banks to offer sub-prime mortgages again." I know this wasn't directly spelled out in the article, but that's what I read. You don't really have to go between the lines or make any loose connections. The executive branch is acting again in its power that previously forced the housing market to crash. I'd be interested to read different interpretations because that honestly is the only one I'm seeing. [/QUOTE]
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SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
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