[jazusamo]

No surprise Maxine is in the middle of this.

[clintonh8r]

More backdoor reparations.

[SandRat]

Zimbabwe headed our way.

[I_Like_Spam]

I guess this will mean a lot more money for Fannie and Freddie.

Private banks aren’t really interested in taking on risky loans in the interest of “fairness”, but might be if they can sell them off quickly to willing parties.

Sounds like a recipe for an ongoing tarp and permanent bailout mentality.

[blueplum]

maybe people should start declaring black or hispanic on loan documents - what are they going to do? ask for a blood test????

[TornadoAlley3]

*

[goodnesswins]

"On a practical level, whites more than ever would be on the hook for foreclosed loans that shouldn't have been made in the first place."

[goodnesswins]

"More than anyone else, we have Rep. Maxine Waters, D-Calif. (in photo), to thank for this latest development. Waters, a member of the conference committee and the Congressional Black Caucus, has used her clout to ensure the final package delivers a cartload of favors to black and Hispanic mortgage borrowers and the lenders that cater to them. Investor's Business Daily recently surmised that in present form the bill "could have been written by ACORN [the Association of Community Organizations for Reform Now], and probably was."