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To: dennisw
Come on, you know how this works. The managers were selected because of affirmative action or how well they were related to some black thug politician or pimp. He/she got in office and made dicey loans to homies, relatives, friendly gang members, girl friends, the pastor's referrals, and so on. It was government money, so it was free.

Salaries were good but the bennies were better. I bet there were cell 'phones, credit cards and company cars for a lot of employees. The top guys used limos. My bet is also that you'll find that the outfit bought sky box seats at all the LA sporting events and that the managers lived like emperors in the local community. It's all the usual story.

Commitments made by borrowers were seldom/never checked so as not to offend the borrower or the borrower's rabbi. The administrative follow up will be as race based. Most will get away scott free. However, there will be middle class black borrowers, a mailman, bus driver of school teacher, who treated this as a legitimate obligation and has been repaying their loan like they were supposed to. Should they default, it will be held against them. And, the black race pimps strike again.

6 posted on 12/21/2002 5:13:49 PM PST by Tacis
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To: Tacis
You got their number down 1000%. Ain't cynicism an awful thing :) Or is it just your well calibrated BS detector?
14 posted on 12/21/2002 6:11:04 PM PST by dennisw
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