What is the next best pool? blacks and other minorities.
This could well be a debacle if the employment situation declines. There is also a lot of financial education that needs to be done before the banks start loading up people with large amounts of debt. There will not be debt forgiveness.
Banking institutions who make race based financial policies should not be eligible for federal bailouts when their policies fail. Here is the outcome of this:
1) Money Laundering through fraudulent business loans. People on top will make out like bandits, the actual black person who took the loan will suffer.
2) Desirable neighborhoods will be infiltrated and good school systems will be reduced to garbage.
3) After several years, massive housing foreclosures by blacks who can not afford the loans they were given.
4) Outcry’s of injustice, followed by federal bailouts.