tag:blogger.com,1999:blog-12897315.post591185586222460744..comments2024-03-28T09:54:55.115-05:00Comments on Dad29: The New Justice: More Lousy Loans!!Dad29http://www.blogger.com/profile/08554276286736923821noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-12897315.post-70804052914589994502011-07-13T06:49:17.504-05:002011-07-13T06:49:17.504-05:00Media Matters? Yeesh - the Weekly World News is ...Media Matters? Yeesh - the Weekly World News is a more reliable source.neomomhttps://www.blogger.com/profile/04830635556787370135noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-29660130371016983032011-07-12T16:11:22.911-05:002011-07-12T16:11:22.911-05:00Actually, the DOJ is enforcing the law and is NOT ...Actually, the DOJ is enforcing the law and is NOT asking anyone to make loans that are un-creditworthy.<br /><br />From <a href="http://mediamatters.org/blog/201107120028" rel="nofollow">Media Matters</a>:<br /><br />First, DOJ settlements explicitly state that banks are not obligated to lend to unqualified individuals, only that they must begin providing services to minority communities they've allegedly ignored. As their agreement with Midwest BankCentre states, banks are not required to "make any unsafe or unsound loan" and must offer services only to potential customers "whose credit history does not present an unacceptably high risk to the Bank or indicate a history of fraudulent transactions."Jimhttps://www.blogger.com/profile/10004209843701697773noreply@blogger.com