And what has........

[Baretta19]

LIBERALISM borught us (There is no party or politcal spin here folks so if you're looking forit just move along)

This entire debacle was created by LIBERALISM and VOTE BUYING, You want to know where the crisis came from we are currently in, It came, lock stock and barrel directly from Washington DC, it was CREATED by the very people we put into office, So as I like to say "Goose Steppers" keep blindly following party rule, this crisis will end, sadly they will ensure there is another right behind it.
 
CHICAGO (Reuters) – Predatory lending aimed at racially segregated minority neighborhoods led to mass foreclosures that fueled the U.S. housing crisis, according to a new study published in the American Sociological Review.
Predatory lending typically refers to loans that carry unreasonable fees, interest rates and [COLOR=#366388 !important][COLOR=#366388 !important]payment [COLOR=#366388 !important]requirements[/COLOR][/COLOR][/COLOR][/FONT]
Poorer minority areas became a focus of these practices in the 1990s with the growth of mortgage-backed securities, which enabled lenders to pool low- and high-risk loans to sell on the secondary market, Professor Douglas Massey of the Woodrow Wilson School of Public and International Affairs at Princeton University and PhD candidate Jacob Rugh, said in their study.
The financial institutions likely to be found in minority areas tended to be predatory -- pawn shops, payday lenders and check cashing services that "charge high fees and usurious rates of interest," they said in the study.
"By definition, segregation creates minority dominant neighborhoods, which, given the legacy of redlining and institutional discrimination, continue to be underserved by mainstream financial institutions," the study says
 
http://news.yahoo.com/s/nm/us_usa_foreclosures_race

[whaler23]

we've already covered that dozens of times ... Juneyer ask Fannie and Freddie for 5 million new loans for minority buyers in 2002 ... he got what he ask for.
 
 
no party or political spin either, just the facts.

[mudslinger]

Redlining whole neighborhoods is a good business practice, why should a business be forced to sell a product in a neighborhood where they are going to lose money. Whole Neiborhoods where theft, vandalism, Robbery runs wild, which is really all of our Major cities in the U.S.

[whaler23]

very good mud .... I mean its very good there are no businesses in all of the major cities in the US.
 
 
 

[Bob Huntress]

The entire idea behind the nanny state of liberalism as it applies to civil rights is to maintain those who support liberalism in a condition of dependancy where they are not able to live any type of life without a large infusion of government assistance. If those who currently vote for democrats were to learn the value of self reliance, they would never need the government to provide for their every need. They would also see a marked increase in their quality of life.

[sweetwater5s9]

When government forces socialism on our lending institutions the results are predictable.   Barney Frank not withstanding...  Bush was right to push for regulations and oversight on our GSE's that Democrats blocked.  Now we know.

[whaler23]

regulate my ass, Bush was first to socialize our lending institutions

[Baretta19]

we've already covered that dozens of times ... Juneyer ask Fannie and Freddie for 5 million new loans for minority buyers in 2002 ... he got what he ask for.
 

no party or political spin either, just the facts.
 
 
 
Whaler, Thanks for confirming what I knew, You're a complete Goose Stepping moron, how about the FACT that Bush asked for Fannie/Freddie oversight and Barny Frank and other SOCIIALIST shot it down, How about the FACT that BJ Billie Clinton SIGNED THE BILL that allowed these institutions to put the fox in charge of the henhouse, Anyways thanks for proving your head is so far up the party's ass you and most liberals haven't got a clue or the intelligence to solve these problems,