"Above The Law"
Steve Sailer does some digging and quickly hits bedrock.
posted by The Cunning Realist at Tuesday, November 03, 2009
AN OASIS IN A WORLD OF HACKS, HUSTLERS, AND HIRED SPIN
posted by The Cunning Realist at Tuesday, November 03, 2009
10 Comments:
You're going to have to explain. There are no circumstances, short of my name appearing there, that would convince me to click through to VDare.
bedrock? More like rockbottom. I'm guessing the Wall St crooks, and their enablers, such as Moodys (et al.), housing asessors, mortgage brokers, etc (the list is endless), would love to blame this mess on minorities home buyers.
It's a crock.
Hankest
I assume the point is that if you want to find out what the Fed is doing, you can't; not that minorities were targeted for predatory lending more often than whites.
Actually, it does look like minorities were targeted more than whites, because they were assumed to be vulnerable. On the other hand, it wasn't the fault of the minorities that things went sour, so blaming the CRA, etc, is totally bogus.
As better commenters than I have noted, it wasn't the CRA that is bringing down commercial real estate. You've got 50% of commercial mortages underwater, and no way are you convincing me that the CRA drove that one.
Surely this post was made in jest...
Excellent post, too bad people's feelings are hurt by un-pc facts.
I'm sorry, but by now Sailer's built up such a hefty resume' as a racial obsessive that I don't believe he's worth my, or anyone's, attention.
You're way, way better than this, CR. At least, I hope you are.
-- sglover
seriously, why are people so afraid of these facts?
TCR isn't dwelling on anything, he is just mentioning a relevant link. I find it absurd that we simply ignore these issues that need to be address.
TCR is a conservative. Being conservative means standing up to entitlements (both for the rich and the poor). This post is neither offensive or inappropriate.
Priceless.
http://www.youtube.com/watch?v=NyvqhdllXgU
This could just as well represent who predatory lenders went after. There was a study that a significant fraction of people who were sold subprime mortgages qualified for cheaper prime mortgages, but the mortgage companies wanted the higher-priced subprime ones.
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