Posted on 06/28/2015 2:09:45 PM PDT by E. Pluribus Unum
Remember when Barney Frank insisted in 2003 that “Fannie Mae and Freddie Mac are not in a crisis,” and “I want to roll the dice a little bit more in this situation toward subsidized housing?”
As chairman of the powerful House Financial Services Committee, former Rep. Frank, Massachusetts Democrat, helped defeat Bush administration proposals to rein in the two federal loan giants. The housing market crashed in 2008 on thousands of bad subprime home loans, triggering the Great Recession, from which this nation still has not recovered.
Well, it’s time to roll the dice again. According to the 5-4 majority opinion at the U.S. Supreme Court on Thursday, housing lawsuits based on race no longer need proof of intentional discrimination.
(Excerpt) Read more at washingtontimes.com ...
My god, just begging for that country’s economy and government to collapse and die like the way the Soviet Union’s did.
With this, what's to stop a realtor from buying a McMansion or even million-dollar estate in a trendy neighborhood and turning it into a rooming house for drug addicts or homeless minorities? Answer: Nothing.
WHAT A WEEK!!
We’ve become a truly sick society.
If you want your way, to sue anyone, hire a good statistician to move numbers around. There will be implied racism and you’ll win.
That’s what this ruling declares.
Case-in-point: Global climate change
bkmk
these judges need to be impeached
In other words, the SCOTUS just decided that the burden of proof is on the accused instead of the accuser. I don't recognize this country anymore.
This goes hand-in-hand with Obama’s plan for “ethnic dirtying” of insufficiently black/brown neighborhoods.
It has all sorts of benefits for Obama. It destroys property values for whites AND blacks who have “made it.” It will bring violence into communities that have escaped violence.
Soon, the Supreme Freaks will declare the borders discriminatory and make invasion a civil right
After all, who are we to stop anyone from entering and staying? Turn it over to us, Gringos!
Bad acts - whether by omission or commission - are no longer required for prosecution. Merely a determination that statistically a wrong has occurred.
An abomination.
It’s worse than that. The “accused” (objector) doesn’t get a voice. When the developer claims disparate impact, the law accepts the claim on its face.
This is perfect. Deny the loan. Get sued. Approve the loan. Get sued for allowing person to go financially in over their head. That’s the problem when politics trumps financial reality.
Anthony Kennedy again.
One of the provisions of the Fair Housing Act of 1968 made it a felony for realtors to “block bust” neighborhoods by introducing minorities with the intent of inducing whites to flee.
The Scotus decision of last week ensconced Washington’s determination to “Detroit” the rest of the US.
AMF.
Worse - it’s based on statistics not the reality of any one individual
Pretty failure to attend gay orgies will be a felony sign of hate
Why stop there? I'm sure they will declare the whole southwest illegally seized from Mexico, due to racism, and needs to be turned over ASAP.
You are right. This may actually be the worst of the decisions of the week. The AcA was stupid and made up laws but the damage of a win might have been worse as the republican idiots would have codified the thing permanently in panic. The marriage one is terrible but expected. This one is wide reaching and will destroy business and the economy.
Why a Realtor(trademark of National Association of Realtors)? More likely a lawyer-led investment group, the same ones who outbid us common Realtors at tax lien sales.
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