Ferrari Mailing List: Re: NFC: Here comes BO's 10 % US National Sales tax

[Jim Conforti (lndshrk]

At 06:10 PM 5/27/2009, Tom Reynolds wrote:
> Actually, it's been going on for a L O N G time.

  Yes Tom, since at least 1977.

  It was called the Community Reinvestment Act.

  Lenders don't "get the most they can" by providing mortgages to
  people who cannot and will not repay.

  Before that - if you wanted to buy something you couldn't afford.

  Or something in a "crappy neighborhood" that the banks didn't think
  would hold up as good collateral for the loan - you didn't get the loan.

  Imagine that - a loan given solely on the worthiness of the borrower
  and of the collateral combined.  No gender, race, skin color, or
  "community activists" involved.

  How would it be?!?

  I'll leave you with some Louis Armstrong:

  I see trees of green, red roses too
  I see them bloom for me and you
  And I think to myself, what a wonderful world

  I see skies of blue and clouds of white
  The bright blessed day, the dark sacred night
  And I think to myself, what a wonderful world

  The colours of the rainbow, so pretty in the sky
  Are also on the faces of people going by
  I see friends shakin' hands, sayin' "How do you do?"
  They're really saying "I love you"

  I hear babies cryin', I watch them grow
  They'll learn much more than I'll ever know
  And I think to myself, what a wonderful world
  Yes, I think to myself, what a wonderful world

  Oh yeah!

  Jim