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1 posted on 01/18/2008 10:56:11 AM PST by Lorianne
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To: Lorianne

ooops this is an excerpt


2 posted on 01/18/2008 10:56:49 AM PST by Lorianne
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To: Lorianne
"There is no question that a black or Latino family is twice as likely to receive a subprime loan as a white family," fumed Lewis Fidler, a white New York City Councilman who participated in the day's second panel, "The State of Home Foreclosures." "If that's not a civil rights issue, I don't know what is."

Perhaps it's because they're more likely NOT to pay their bills on time?

3 posted on 01/18/2008 10:56:59 AM PST by RockinRight (Huck(abee, not the Freeper Huck) Sucks.)
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To: Lorianne

World to end tomorrow - Women & Minorities hardest hit - NY Times.


6 posted on 01/18/2008 11:11:36 AM PST by NeoCaveman (It's a Texas Hold Em Primary and Fred is "All In" in South Carolina)
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To: Lorianne
"The sky is falling, women and minorities hit hardest."

Watch carefully as we march steadily towards November. Watch as the ususal suspects work hard to stir up the black vote, conjuring up all kinds of villans and boogeymen. Remember, it was George Bush who was responsible for the chain dragging death in Texas. Remember, Bill Clinton told us he saw many black churches burned as a boy.

Just you watch.

7 posted on 01/18/2008 11:14:16 AM PST by Obadiah (I don't like to brag - but I'm half bilingual!)
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To: Lorianne

Seems a good FICO score, 20% downpayment, and requiring only 25% of your TAKEHOME pay to go to a mortgage is now RACIST???


8 posted on 01/18/2008 11:15:19 AM PST by griswold3 (Al queda is guilty of hirabah (war against society) Penalty is death.)
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To: Lorianne

Structural inequality is because of false leaders like da rev Jesse who moan and groan about discrimination, while the problem lies in self-inflicted pathologies such as no-father families, blind hatred of Whites and dependence on no-work handouts from a corrupt government.


15 posted on 01/18/2008 11:35:44 AM PST by Leftism is Mentally Deranged (liberalism is mental debility)
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To: Lorianne

If the loans weren’t illegal when they were made, then why should government have anything to say about it now? Ex post facto?


21 posted on 01/18/2008 11:43:23 AM PST by popdonnelly (Get Reid. Salazar, and Harkin out of the Senate.)
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To: Lorianne
"There is no question that a black or Latino family is twice as likely to receive a subprime loan as a white family," fumed Lewis Fidler, a white New York City Councilman who participated in the day's second panel, "The State of Home Foreclosures." "If that's not a civil rights issue, I don't know what is."

You're right, Lewis, you don't know what is... Interestingly, the underlying basis for his complaint is his apparently racist belief that 'black and Latino families' are not as smart as 'white families', and that therefore they are unable to figure out something as complicated as a mortgage...

22 posted on 01/18/2008 11:51:11 AM PST by The Electrician ("Government is the only enterprise in the world which expands in size when its failures increase.")
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To: Lorianne

“There is no question that a black or Latino family is twice as likely to receive a subprime loan as a white family,” fumed Lewis Fidler, a white New York City Councilman who participated in the day’s second panel, “The State of Home Foreclosures.” “If that’s not a civil rights issue, I don’t know what is.”

Lewis Fidler is a chemically stupid imbecile. The reason blacks and hispanics were given these mortgages is because the loan industry was forced to by ethnic front groups. Prior to giving these riskier loans the banks were accused of being racist. So they loosened up the loan requirements to help lower income people. Now that those people can’t pay and they go into foreclosure... Well, that’s obviously racism from the loan industry, right?


25 posted on 01/18/2008 12:34:37 PM PST by navyguy (Some days you are the pigeon, some days you are the statue.)
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To: Lorianne
"If that's not a civil rights issue, I don't know what is."

Sounds more like a personal responsibility issue.

26 posted on 01/18/2008 12:36:55 PM PST by Centurion2000 (It's only arrogance if you can't back it up.)
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To: Lorianne

the dirty little secret here...is that many of the predatory lenders were actually mortgage brokers... who lived in the same neighborhoods these loans were made, and knew that many of their clients would have qualified for prime rates, and actually steered them to the sub-prime market for their own financial gain. So if Jesse wants to scream racism...he might want to investigate his own backyard before flinging around generalizations.


27 posted on 01/18/2008 12:37:40 PM PST by Katya (Homo Nosce Te Ipsum)
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To: Lorianne
Seems, "Catastrophic" is a little out there, at least to me.

If they couldn't afford the loan, they shouldn't have taken the loan.
Pretty simple idea, but it seems to work.

Catastrophic implies that it was an outside agency that caused it to happen.

31 posted on 01/18/2008 1:16:03 PM PST by Just another Joe (Warning: FReeping can be addictive and helpful to your mental health)
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To: Lorianne

“structural inequality” my ass.

if anything, it’s the affirmative action mumbo jumbo that’s making a joke of the idea of equal opportunity.


32 posted on 01/18/2008 1:16:44 PM PST by a_chronic_whiner (FRED 08. SECURITY * UNITY * PROSPERITY)
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