[ladyjane]

The minority issue is the elephant in the living room. The government couldn’t stand to see minorities turned down for mortgages at a much higher rate than other groups so they pushed to even out those rejection rates. A lot of people got in over their heads. Now the government will push to even out the foreclosure rates. Equal outcome is more important than equal opportunity.

[Notary Sojac]

The minority lending was part of the issue, but not the biggest part by far.

Lots of white people with $50K incomes "bought" $500K houses, and millions of white people used their houses as ATM machines.