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Subprime lending scandal; Largest hate crime in history (Ultimate Barf Alert)
Final Call ^ | April 15, 2008 | Harry C. Alford

Posted on 04/16/2008 8:44:09 PM PDT by 2ndDivisionVet

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To: weegee
The Agitator

"..After many lectures like this, Obama decided to take a second look at Wright's church. Older pastors warned him that Trinity was for "Buppies"--black urban professionals--and didn't have enough street cred. But Wright was a former Muslim and black nationalist who had studied at Howard and Chicago, and Trinity's guiding principles--what the church calls the "Black Value System"--included a "Disavowal of the Pursuit of Middleclassness.'".."

The above article is the source of the claim that Wright was a Muslim. I have seen it quoted often but I don't know if he actually converted. .

21 posted on 04/16/2008 11:23:20 PM PDT by Anti-Bubba182
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To: 2ndDivisionVet

Thanks for pointing that out. To be honest someone had mentioned that a few weeks back, and it slipped my mind. I appreciate you reminding everyone of that fact.

Let me play devil’s advocate here and ask you a question related to your point. I’m going to ask it, because I think a lot of folks are somewhat confused on this issue.

Due to lending and banking deregulation that supposedly took place in the 80s, it had been my understanding that the industry wasn’t watched as close as it once was, and that was allowing these bad loans to go through unchallenged.

Don’t take this as a dispute of your claim, but could you explain the straight scoop, so I and others can understand exactly what are the facts along those lines.

Thanks in advance.

BTW: I do understand where you were coming from as it relates to minority loans and the government urging banks to make loans available to minorities.


22 posted on 04/16/2008 11:49:34 PM PDT by DoughtyOne (McCain is rock solid on SCOTUS judicial appointments. He voted for Ginsberg, Kennedy and Souter.)
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To: DoughtyOne

Google RESPA


23 posted on 04/16/2008 11:50:37 PM PDT by 2ndDivisionVet (McCain could never convince me to vote for him. Only Hillary or Obama can!)
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To: chris_bdba

When lending institutions made it tough for low income people to get loans, it was called racist. When government forced these institutions to set up a loan system wherein the same people would eventually default, that too was racist. With people like Mister Allfraud “helping” minorities, they’ll never get over the hump. It’s obvious, like all libs, Allfraud believes minorities really are too stupid to make it without special “help”. Forget about the KKK, people like Allfraud are anchors around the legs of the people they purport to help.


24 posted on 04/17/2008 12:09:58 AM PDT by driftless2
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To: 2ndDivisionVet
“What are the U.S. Attorney General, state attorney generals and local prosecutors going to do?”

Bust Bill Clinton for it. He added the subprime trap to the CRA in 1995, which is the root of today's subprime ills.

25 posted on 04/17/2008 12:12:04 AM PDT by Cementjungle
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To: 2ndDivisionVet
The author of this piece of garbage is an evil conspiracy mongering racist since he doesn't admit that foolish people of all ethnic groups were equally affected by the subprime mortgage crisis.

That begs the question of whether he is actually so blinded by his racism that he cannot see the huge logical fallacies in his argument or whether he simply believes his black readers are that way.

26 posted on 04/17/2008 12:53:40 AM PDT by Post Toasties (It's not a smear if it's true.)
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To: Post Toasties

Louis F. and the Nation of Islam don’t care about white people. Take that Kanye...


27 posted on 04/17/2008 10:00:42 AM PDT by weegee (Religion is the opiate of the masses MARX1843 They get bitter, they cling to...religion OBAMA2008)
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To: DoughtyOne

Credit Reinvestment Act (CRA) and Equal Credit opportunnity Act (ECOA) and Fair Lending Notice are good places to start. Giving 100% loans to people with 550 credit scores was idiotic. People who could not or would not pay minor bills within 30 days. However, if a person qaulified based on the underwriting guidelines, I could not turn them down. Doing so would violate ECOA. Damend if you do, damned if you don’t. I wish someone would point his out to the jerk offs in congress.
BTW, with all the noise they have been making, they have maded it harder to qualify for a traditional FAnnie/Freddie loan. Now everyone suffers.


28 posted on 04/17/2008 11:50:02 AM PDT by Georgia
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To: 2ndDivisionVet
>>Was Ameriquest a "boiler room" operation?
>>Definitely! I worked there for four brief
>>months and had my fill.
 
Yep, and I'm pretty sure the ethnic makeup of Ameriquest employees consisted of more than just the one Obama insinuates racism upon.
 
They were awfully proud of their multi-colored blimp:
Natural Born Predators
26-JUL-2007

Natural Born Predators

 
Isn't that whole "Rainbow" thing code for "Diversity"?  Hmmm....

29 posted on 04/17/2008 12:30:15 PM PDT by LomanBill (A bird flies because the right wing opposes the left.)
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To: Anti-Bubba182
The above article is the source of the claim that Wright was a Muslim. I have seen it quoted often but I don't know if he actually converted. .
 
Has Wright refuted this claim?

30 posted on 04/17/2008 12:37:10 PM PDT by LomanBill (A bird flies because the right wing opposes the left.)
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To: LomanBill
"Yep, and I'm pretty sure the ethnic makeup of Ameriquest employees consisted of more than just the one Obama insinuates racism upon.
They were awfully proud of their multi-colored blimp:
Isn't that whole "Rainbow" thing code for "Diversity"? Hmmm...."

Of course. Even my office in Iowa had black & Hispanic people working there.

31 posted on 04/17/2008 12:44:37 PM PDT by 2ndDivisionVet (McCain could never convince me to vote for him. Only Hillary or Obama can!)
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To: LomanBill

Regarding Ameriquest, why, who other than our very own Governor Deval Patrick (Moonbat-MA) graced their Board and even lobbied on their behalf from his MA State House office.... tsk tsk!!!


32 posted on 04/17/2008 12:45:23 PM PDT by Riflema
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To: Clemenza
I only read “The Final Call” for the Bean Pie recipes.

I believe "The Final Call" merits serious consideration for their insightful reporting and thoughtful editorials. Those who really want a fresh perspective on the events of the day should consider regularly perusing this paper.

;=)

33 posted on 04/17/2008 12:56:42 PM PDT by 17th Miss Regt
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To: doug from upland

Alford is Jesse Jackson in a businessman’s disguise. And just as vile a race hustling poverty pimp and lib as Jackson is.

See the “logic”? No loans=Redlining. Sub-prime loans=Reverse Redlining. The games is rigged and either way whitey plays it, it comes out as a hate crime and “you owe us more of what you worked for, honkey”. Sickening.

And for you DU lurkers out there — Alford, Jackson, and their assorted groups like ACORN only speak for about the 20% of the black population in the country — the completely dysfunctional 20%. The “people of color” that I know and work with are regular people with the same things going on in their lives that I have. Two generations after MLK, when are we going to look at each other in this country and say “it ain’t about the melanin anymore, it is truly about the content of your character”.

Idjits like Wright, Alford, Jackson, and yes, Obama are pushing that day further and further away. And to the ultimate detriment of those that would find the door to the American Dream wide open and waiting for them to walk through, if they would only get up and try the doorknob, instead of whining about not getting carried through the doorway.


34 posted on 04/17/2008 1:03:20 PM PDT by L,TOWM (Liberals, The Other White Meat)
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To: Georgia

Thanks Georgia. The more of this that hits the light of day, the better. My thoughts had run along the lines of what you posted. It really bothers me that we have such terrible people representing us in Congress.

Haven’t some judges hurt lending practices also, demanding equal access? (which of course isn’t equal at all as it relates to credit worthiness)


35 posted on 04/17/2008 1:51:58 PM PDT by DoughtyOne (McCain is rock solid on SCOTUS judicial appointments. He voted for Ginsberg, Kennedy and Souter.)
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