Posted by big fred on April 11, 2008 at 14:15:00 from (130.76.32.144):
In Reply to: OT - Economics posted by Spook on April 11, 2008 at 13:12:21:
The current financial (mortgage) problems are a result of the "Community Reinvestment Act of 1977" which mandated that lenders issue more mortgages to high risk borrowers. The CRA was amended in 1995 to make things even worse, then again in 2005. The government, thru it's social engineering attempts, created the problem, I don't see why anyone should believe they can fix it thru even more idiotic policy.
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Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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