Prelude to disaster ...

[FMCoug]

http://articles.latimes.com/1999/may/31/news/mn-42807

[FMCoug]

Another good read:

http://www.investors.com/editorial/IBDArticles.asp?artsec=16&artnum=1&issue=20080924

[MikeWaters]

in DFW, the foreclosures are highest in the far suburbs, populated by drum roll....middle class whites.

I guess banks should redline these suburbs.

More blacks are going to college than 20 years ago I think. Is that a disaster too?

[MikeWaters]

Another good read:

http://www.investors.com/editorial/IBDArticles.asp?artsec=16&artnum=1&issue=20080924

There is not a single data point in this article to indicate that it is loans to blacks that have caused this mortgage crisis.

Kind of strange to make these conclusions that it is loans to blacks without a single data point.

But for racists, it is pretty convincing I would think.

[Indy Coug]

There is not a single data point in this article to indicate that it is loans to blacks that have caused this mortgage crisis.

Kind of strange to make these conclusions that it is loans to blacks without a single data point.

But for racists, it is pretty convincing I would think.

Speaking of which, are you still contending whites for destroyed public schools because the public schools can't operate properly when only blacks go to them and whites homeschool their kids instead?

[FMCoug]

Here's the leftie version ...

http://open.salon.com/content.php?cid=21916

[FMCoug]

But for racists, it is pretty convincing I would
think.

Do you think if you keep saying it it will be true? Show me ONE post on this board I have ever made that shows me to be racist?

And I don't mean the PC "if you're white and say anything about a black person that coudl be construed as negative, you're a racist". I mean true racism.

[FMCoug]

Speaking of which, are you still contending whites for destroyed public schools because the public schools can't operate properly when only blacks go to them and whites homeschool their kids instead?

Sounds racist to me. He must think whites are needed in the schools to help the blacks keep up ...

[MikeWaters]

Another good read:

http://www.investors.com/editorial/IBDArticles.asp?artsec=16&artnum=1&issue=20080924

Speaking of which, are you still contending whites for destroyed public schools because the public schools can't operate properly when only blacks go to them and whites homeschool their kids instead?

It's hard for me to understand your poor writing. But I will give you the statistic that I heard yesterday from a coworker: 95% of the white kids who live in the Dallas Independent School District do not attend DISD schools.

Imagine if all the middle class families in your school district suddenly removed their children. Would that have an effect? I want to hear your answer about how this would have no effect. TIA.

[Indy Coug]

It's hard for me to understand your poor writing. But I will give you the statistic that I heard yesterday from a coworker: 95% of the white kids who live in the Dallas Independent School District do not attend DISD schools.

Imagine if all the middle class families in your school district suddenly removed their children. Would that have an effect? I want to hear your answer about how this would have no effect. TIA.

Yeah, you'd have lower student to teacher ratios. Isn't that a good thing?

[BYU71]

All I can say is Barney Frank has proven to be a blooming idiot. You should here what he said in 2003 about how safe Fannie and Freddie were and how those who were warning were just fear mongers who didn't care about getting housing for poor people.

[FMCoug]

All I can say is Barney Frank has proven to be a blooming idiot. You should here what he said in 2003 about how safe Fannie and Freddie were and how those who were warning were just fear mongers who didn't care about getting housing for poor people.

Fear mongers AND racists! Don't forget racists!

[Mormon Red Death]

Speaking of which, are you still contending whites for destroyed public schools because the public schools can't operate properly when only blacks go to them and whites homeschool their kids instead?

Along with that Mike are you still chiding Rich Rodriquez for forgetting that a white runningback is just a white runningback?

[Indy Coug]

Along with that Mike are you still chiding Rich Rodriquez for forgetting that a white runningback is just a white runningback?

Racism is OK except for when it isn't.

[fusnik11]

Do you think if you keep saying it it will be true? Show me ONE post on this board I have ever made that shows me to be racist?

And I don't mean the PC "if you're white and say anything about a black person that coudl be construed as negative, you're a racist". I mean true racism.

Your first post of this thread.

You blamed the economic downfall on negroes.

[FMCoug]

Your first post of this thread.

You blamed the economic downfall on negroes.

Bullshit. I blamed on insisting that banks give mortgages to the uncreditworthy. I don't care if they are white, black, purple, yellow, or green.

[Indy Coug]

Your first post of this thread.

You blamed the economic downfall on negroes.

I'm blaming it in part on a poorly administered program.

[Cougar Hunter]

Bullshit. I blamed on insisting that banks give mortgages to the uncreditworthy. I don't care if they are white, black, purple, yellow, or green.

… The argument turns on a simple question: In the current mortgage meltdown, did lenders approve bad loans to comply with CRA, or to make money?

The evidence strongly suggests the latter. First, consider timing. CRA was enacted in 1977. The sub-prime lending at the heart of the current crisis exploded a full quarter century later. … In late 2004, the Bush administration announced plans to sharply weaken CRA regulations, pulling small and mid-sized banks out from under the law’s toughest standards. Yet sub-prime lending continued, and even intensified — at the very time when activity under CRA had slowed and the law had weakened.

Second, it is hard to blame CRA for the mortgage meltdown when CRA doesn’t even apply to most of the loans that are behind it. … Perhaps one in four sub-prime loans were made by the institutions fully governed by CRA.

Most important, the lenders subject to CRA have engaged in less, not more, of the most dangerous lending. Janet Yellen, president of the San Francisco Federal Reserve, offers the killer statistic: Independent mortgage companies, which are not covered by CRA, made high-priced loans at more than twice the rate of the banks and thrifts. …

It’s telling that, amid all the recent recriminations, even lenders have not fingered CRA. That’s because CRA didn’t bring about the reckless lending at the heart of the crisis. Just as sub-prime lending was exploding, CRA was losing force and relevance. And the worst offenders, the independent mortgage companies, were never subject to CRA — or any federal regulator. Law didn’t make them lend. The profit motive did.

http://www.prospect.org/cs/articles?article=did_liberals_cause_the_subprime_c risis