[Vision2020] Don't Believe Right-Wing Propaganda on

[Tom Hansen]

Then . . . I am guessing that Roger Falen does (in some ways) support 
President Barack Obama.

Wow!

I feel a Kumbaya moment coming on.  Now, everybody form a circle and lack 
arms and sing along with me . . .

http://www.youtube.com/watch?v=R5kjf_L328s

"Imagine there's no Heaven 
It's easy if you try 
No hell below us 
Above us only sky 
Imagine all the people 
Living for today 

Imagine there's no countries 
It isn't hard to do 
Nothing to kill or die for 
And no religion too 
Imagine all the people 
Living life in peace 

You may say that I'm a dreamer 
But I'm not the only one 
I hope someday you'll join us 
And the world will be as one 

Imagine no possessions 
I wonder if you can 
No need for greed or hunger 
A brotherhood of man 
Imagine all the people 
Sharing all the world 

You may say that I'm a dreamer 
But I'm not the only one 
I hope someday you'll join us 
And the world will live as one."

I think I'm gonna cry . . .

Tom Hansen
Moscow, Idaho

> Nick
> I am happy that you not approve of Obama in total. I tend to support most
( but not all) of
those thing that you are critical of.
> Roger
> -----Original message-----
> From: nickgier at roadrunner.com
> Date: Wed, 18 Feb 2009 11:58:30 -0800
> To: lfalen lfalen at turbonet.com
> Subject: Re: [Vision2020] Don't Believe Right-Wing Propaganda on 
theCommunityReinvestment
Act
> 
> > Hi Roger,
> > 
> > Don't you think that calling reports from the Federal Reserve, bastion 
of libertarian
thinkers that I would expect you to admire, BS is rather extreme?  I will 
stick with their
conclusions that the CRA was not a major player in the sub-prime 
mortgage.  The main
reason for the current world financial crisis was too many libertarians 
and radical free
marketeers giving advice and running things, even within the Clinton 
administration.
> > 
> > As far as criticism of Obamba is concerned, here is where I think he 
is wrong: death
penalty for child killers and inviting Rick Warren to the Inauguration and 
risking what
happened, to wit: he led the nation in the Lord's Prayer!!  I also did not 
support his
vote on surveilance nor did I like the fact that job discrimination was 
not part of his
executive order about faith-based initiative.  Finally, although I could 
probably come up
with more, I do not support his decision to send more troops to 
Afghanistan.  The Afghanis
are fed up with the president we gave them and they don't want any more 
civilian deaths,
up 40 percent this past year, primarily do to U.S. bombing and missile 
strikes.
> > 
> > Thanks for the dialogue,
> > 
> > Nick
> > 
> > Nick
> > ---- lfalen <lfalen at turbonet.com> wrote: 
> > > This is BS. The CRA was not the only problem, but it sure was a 
contributor. I am not
an economist, but I would suggest that you read Thomas Sowell and Walter 
Williams.
> > > Roger
> > > -----Original message-----
> > > From: nickgier at roadrunner.com
> > > Date: Thu, 12 Feb 2009 12:48:48 -0800
> > > To: vision2020 at moscow.com
> > > Subject: [Vision2020] Don't Believe Right-Wing Propaganda on the 
CommunityReinvestment
Act
> > > 
> > > > Greetings:
> > > > 
> > > > Roger warned me to be balanced on torture, but he doesn't mind 
being totally out of
line with regard to the Community Reinvestment Act (CRA).  Below are a few 
excerpts from a
recent Federal Reserve report.  The entire report can be found at
www.federalreserve.gov/newsevents/speech/kroszner20081203a.htm  
> > > > 
> > > > "Recently, Federal Reserve staff has undertaken more specific 
analysis focusing on
the potential relationship between the CRA and the current subprime 
crisis. This analysis
was performed for the purpose of assessing claims that the CRA was a 
principal cause of
the current mortgage market difficulties. For this analysis, the staff 
examined lending
activity covering the period that corresponds to the height of the 
subprime boom.
> > > > 
> > > > The research focused on two basic questions. First, we asked what 
share of
originations for subprime loans is related to the CRA. The potential role 
of the CRA in
the subprime crisis could either be large or small, depending on the 
answer to this
question. We found that the loans that are the focus of the CRA represent 
a very small
portion of the subprime lending market, casting considerable doubt on the 
potential
contribution that the law could have made to the subprime mortgage crisis."
> > > > 
> > > > Second, we asked how CRA-related subprime loans performed relative 
to other loans.
Once again, the potential role of the CRA could be large or small, 
depending on the answer
to this question. We found that delinquency rates were high in all 
neighborhood income
groups, and that CRA-related subprime loans performed in a comparable 
manner to other
subprime loans; as such, differences in performance between CRA-related 
subprime lending
and other subprime lending cannot lie at the root of recent market 
turmoil. 
> > > > 
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> > 
> 
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"For a lapsed Lutheran born-again Buddhist pan-Humanist Universalist 
Unitarian Wiccan Agnostic like myself there's really no reason ever to go 
to work."

- Roy Zimmerman


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