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"The recession in the United States," the report insists, "was fueled largely by a housing crisis, which coincided with some discriminatory lending practices." Those practices, the report strongly implies, resulted in a market where "fewer than half of African-American and Hispanic families own homes while three quarters of white families do."

So if more blacks and hispanics would have been given sub-prime loans, then there wouldn't have been a housing crisis or the recession that it triggered?

A Republican who could discuss such issues reasonably and intelligently could turn the voters to the right instantaneously. I don't see such a Republican around, unfortunately, and we will keep on this path of “compassionate Republican” and “compassionate Democrat” taking turns running the ship until the ship runs aground. At that point we'll be too busy trying to survive individually to contribute to a “safety net” for the poor victims of evil capitalism, etc. etc.

Barney Frank appears on Jay Leno to reinforce his image as Good Gay Politician Looking Out For The Poor when he should be resigning in disgrace. But the true criminals never resign, they merely stand their ground and the lefty press praises them as “fighters”.

No honor anywhere anymore, we all just pass the buck, and the government just goes to the people and takes more money, while the people don't have such a sugar daddy.

This cycle of society-wide financial mismanagement cannot continue for much longer.

My Gawd, these people would walk a hundred miles to tell a lie rather than sitting at home and telling the truth.

Only now we find out that BaaKnee Fwank wasn’t defending the two, but instead wrestling the funky Fannie and Freddie folk as they discriminated against the poor masses with only the brave Dodd to shield them from evil bankers. What next, the auto bailout was needed because there weren’t enough minority auto salesmen who understood “common man” and were giving away free vehicles? Or, maybe there never really was a housing bubble, just a bunch of white people trying to raise prices fast enough to keep “them” out of the suburbs.

Either the Marx Brothers are alive and writing scripts for the demo fascists or this is frightening example of how badly this entire political structure needs reformed and the democrat party must be eliminated as a force in national politics. Eliminated, hopefully, as the result of a huge RICO case that imprisons hundreds if not thousands.

Here is the crucial point: if minorities had been held to a higher standard than whites, their default rates should have been lower than whites, not higher. These numbers suggest the opposite and the obvious: blacks and Hispanics were held to lower standards and have been for at least the last forty years.

And in the process of this liberal coddling, everybody's taking a beating. These lower standards have introduced increased crime rates in neighborhoods that used to be relatively safe.