<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/4617c557-8f00-4c87-ae7e-a32fcdfd283e/88F71E6F-FEED-4C58-9498-E332183A5E11/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.opednews.com/articles/Feeling-Robbed--Wall-Stre-by-Kevin-Zeese-081021-651.html" href="http://www.opednews.com/articles/Feeling-Robbed--Wall-Stre-by-Kevin-Zeese-081021-651.html" style="font-size: 11px;">www.opednews.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.opednews.com/articles/Feeling-Robbed--Wall-Stre-by-Kevin-Zeese-081021-651.html">In fact, the <SPAN>CRA does not require banks to make loans that are unsafe or unprofitable – the law states that CRA lending must be done consistent with safe and sound banking practices. </SPAN>Loans that qualify for CRA credit are often prime loans with fixed rates and consequently, have good performance records. Banks that have made mortgages to low- and moderate-income borrowers to fulfill their CRA obligations have found low default rates and have fewer foreclosures.<SPAN>  </SPAN><SPAN><SPAN> </SPAN>In fact, non-CRA lenders made 84.3% of high-cost loans in the 15 largest metropolitan areas. In addition, only a few of the top 25 subprime lenders in 2006 were institutions with CRA obligations and the vast majority of the top 20 producers of risky interest-only and option ARM loans were not covered by CRA.<SPAN>  </SPAN>In fact, the </SPAN>CRA was passed in 1977 and the rapid growth in subprime lending occurred more than two decades later from 2001-2006 alone.  No major changes to CRA were enacted during this time.<SPAN>  <BR /></SPAN></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/88F71E6F-FEED-4C58-9498-E332183A5E11/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks:  Amplify.com - Don't just share the news...Amplify it!