Posted on 10/10/2010 7:51:00 AM PDT by COUNTrecount
Risky and aggressive "flipping" also led to many foreclosures, including a couple in my own suburban neighborhood. Many people were banking on housing prices rising forever, which any rational person knew could not happen. In fact, the imminent burst of the "housing bubble" was openly discussed for years before it finally did burst.
Yes all except I do not believe it was racist not to give loans to people who weren’t qualified and of course I would think you agree. $6 Trillion of these forced bad loans were kept out of the budget and that was last February can you just imagine how much more since then have fallen that it looks like we are now going to have to pay for?
Will All of America End up Looking Like Detroit?
http://american3p.org/establishment-news/will-all-of-america-end-up-looking-like-detroit/
Ohh,not sooo my friend. I think they know exactly that their policies were/are the culprit. This is nothing more than a smoke screen. Pablum for their mindless minions. After all, some of their mooks just might start to think about it. And if they sit up all night and think really hard, they may just start to question those liberal policies.
This whole study is designed to keep the mind numbed numbsculls away from the truth. Head em off at the pass so to speak.
The lies are intentional.
“Why read a an overlong piece when the title itself exposes the blind liberal slant of the writer?”
WTH? Don’t go by title alone. I suggest you read the “overlong piece.” You’ll see that the writer rips all the correct a-holes to pieces.
It is amazing to me that the Architect of this subprime mortgage nightmare is even in a position to make ANY suggestions.
The problem is that now the Progressive/Socialist/Fascist/Marxist/Dums are trying to spin on Americans being “racist” for the nightmare they created. This is disgusting, even for Dums.
Unfortunately, qualitative sociology (Frankfurt, Chicago) has a strangle hold on the university level.
There are plenty of honest sociologists who apply the same rigorous methodology that should be used in all scientific fields.
Sociology is not junk science unless the user makes it so.
This is true, but I have noticed that the letters are ALWAYS from the same half dozen people, every day, over and over again. With about two million residents in the area of circulation of these Marxist fish wraps, I find it interesting that only six personal friends of Fidel Castro get printed.
I kinda wonder what the other million nine hundred grand think.
IMHO these loans were “reparations”.
Huh... Well, it is interesting that these “sociologists” believe that blacks are ignoramuses who make easy prey. Personally, I think these “sociologists” are racist. Anyway, does anybody else remember how, back in college, when you met somebody who claimed to be a “sociology major” you just rolled your eyes and chuckled? (Yeah, you’ll get a job...)
Exactly back door reparations and how about the fraud in the Black Farmers settlement too!
This is way overboard...I lol’d.
White liberals (the only kind of liberal) are so embarrasing that even semi-respectable outlets cannot make them seem sane. Liberalism is over folks.
It is a natural gift of the highest form of leftist to be able to wreak destruction on the national scale.
An essential corollary gift is the ability to blame the result on his enemies.
Your first step will be to admit you don't read articles.
Mortgage brokers would come to the RE office I worked from to tell us what was available. I was amazed at the FEDERAL loan options for illegal aliens, people with sub-dismal credit, etc., etc. in the year or two leading up to the crash. It's hard for me to believe banks would do lower their approval standards like that unless they were told to.
None of that was available when I bought my first house decades ago when you had to jump through their hoops to get their approval...especially the 'Do you have a substantial down payment?" hoop.
Predatory lending to Negro families is, indeed to blame, but Uncle Sam required the banks to engage in the predatory lending as a condition of being allowed to lend at all and avoid Federal lawsuits.
If race had anything to do with it, and it does, it was because of reverse racism, white liberal manufactured self congratulatory guilt, and favoritism because of race that caused this.
Conservatives are constantly criticized for their indifference to race. Liberal progressives love to be praised for their race consciousness.
It was precisely racism. Requiring the banks to make loans to racial quotas is Racism.
Identifying prospects by race and making or refusing loans by race is RACIST
I actually read most every article i open but that title absolutely blew my mind.
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