Gee—I wonder if the fact that minority and poor women are having multiple babies out of wedlock has any bearing on their economic level.......
TZ’s easy guide to leftist housing terms:
“redlining”=racist!
“predatory lending”=loaning money
Hey, I’ve got an idea. Let’s make sure every last ‘minority’ gets into a new home with a nothin-down, no-doc, government-backed mortgage. What could possibly go wrong?
re: “’Lower-income and minority communities are often disproportionately affected by problems in the national economy, and the effects of the housing bust have followed that unfortunate pattern,’ Bernanke said in prepared remarks presented at the Operation HOPE Global Financial Dignity Summit in Atlanta.”
The same ol’ crap, Lord Above, must we go through this AGAIN!!
SOS Same old Sh-—stuff.
Imagine that...
“Uh-oh. Here we go again.”
Isn’t this how the whole housing mess started??? OMG! I can’t take this anymore.
Does the discrimination still exist when you consider income level?
Just tax the “rich” some more. Oh, and hand out free condoms.
I can remember back when I was young and wanted a new house, motorcycles, boats, RVs, lavish vacations........ Somehow, I knew then that I would somehow have to climb out of low-income status to get all those things.
The Bernanke is now grasping at straws. Banks need to free up lending “standards” again? He must know his QE failed.
TIMBERRRRRRRRRRRRRRRRRRRRRRRRRRRR.
Let’s just build large multi-apartment public housing projects in every big city and subsidize the rent. What could go wrong?
Bush's Fault my A##!
That's all the further I had to read. Thank you.
If we learn nothing from history, we're doomed to repeat it, as is proof in our re-electing Obozo. We, as a nation, might be to stupid to govern ourselves anymore. But I suppose that was part of the liberal plan 60 years ago. Make them so stupid, they'll vote themselves into irrelevance. - Mission Accomplished!
Banks should post new loan notices that start with, "NOTICE: Our loan policy discriminates against applicants that will not be able to afford to pay our money back to us."
Eddie Murphy Voiceover: Slowly, I began to realize that when white people are alone, they give things to each other for free.
[ cut to Eddie at a bank, talking to a black Loan Officer, discussing budgeting and other money matters ]
Loan Officer: Now, let me get this straight, Mr., ..uh.. Mr. White. You’d like to borrow $50,000 from our bank, but you have no collateral, you have no credit. You don’t even have any I.D. Is that correct?
Eddie Murphy: That’s right.
Loan Officer: Mr. White, I’m sorry. This is not a charity. This is a business...
White Loan Officer: Uh, Harry, why don’t you, uh, take your break now? I’ll take care of.. uh.. Mr. White.
Loan Officer: Well.. okay. Thanks, Bob. [ exits ]
White Loan Officer: [ laughs, then sits ] That was a close one, wasn’t it?
Eddie Murphy: It certainly was.
White Loan Officer: We don’t have to bother with these formalities, do we, Mr. White? Huh?
Eddie Murphy: What a silly Negro!
White Loan Officer: Just take what you want, Mr. White. Pay us back anytime. Or don’t. We don’t care.
Eddie Murphy: Tell me, do you know of any other banks like this in this area?
Bull. Giving these mortgages to people who couldn’t afford these houses overinflated the prices for the people who could have afforded them without the artificial boost. Now those people are stuck with houses that aren’t worth a crap.
“Bernanke: Minority homebuyers face discrimination”
STFU!! I have really had it with this lame old tune!
Ditto: that was my first thought.
Oh here we go again...1977 all over.
This is why the crash needed to be investigated! This is why appropriate blame needed to be affixed!
Yo bro...they blamed the banks for bad loans, when the issue was BAD REGULATIONS that forced them to load the money!