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Afrocentric Libtards wanted more diversity in home ownership, forcing banks to give risky loans to BLACKS who couldn't afford them

 
Anonymous Coward
User ID: 1222180
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02/10/2013 10:58 AM
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Re: Afrocentric Libtards wanted more diversity in home ownership, forcing banks to give risky loans to BLACKS who couldn't afford them
its ridiculous to blame African Americans when the banks are the ones perpetuating the fraud.
 Quoting: Anonymous Coward 4619492



You are apparently TOO STUPID to understand OP's thread title, which is EXACTLY CORRECT.

Barney Frank, Bill Clinton and other libtards FORCED banks to give mortgages to potential buyers who were NOT credit-worthy, and should NEVER have been given a loan.
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02/10/2013 11:02 AM
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Re: Afrocentric Libtards wanted more diversity in home ownership, forcing banks to give risky loans to BLACKS who couldn't afford them
Those of us who remember know the story well. Obama was right in the middle of it, too, in his work as an advisor to ACORN. (see below)

It was sometimes on the TV news, as media promoted the government line. THe bad, evil banks (so the story went) weren't giving sufficient loans in poor neighborhoods. There were two facts that stood out. Most of the poor were minorities of one sort or another and those neighborhoods were predominately minority. THe TV news, already directed at morons, would show maps of cities with big Red Lines around poor neighborhoods, and the decision of banks to not make loans to people who couldn't afford to pay them back was called "RED LINING".

The banks were forced, at the point of a government gun (told they would lose their bank charters if failure to comply) to make loans with low down payments to people who couldn't repay them.

It was sickening to watch this, and then see the same people turn around and condemn the banks for the very loans they forced them to make. These guys have NO accountability for their actions.

Now they have institutionalized this demonization of the banks, to the point where most people don't doubt that this was a case of pure greed and lust on the part of the bankers, to make those risky loans.

All illusion, and the end will be a much-greater concentration of wealth in the hands of the people who own the fed and through cross-ownership the big media. We see it now at the pace of 85 BILLION dollars a month the fed is making up and using to buy up all those bad mortgages from failing banks, and with those mortgages, they are buying up the country at 10 cents on the dollar - and they get to print up the dollars out of nothing!!!

"President Barack Obama was a pioneering contributor to the national subprime real estate bubble, and roughly half of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices."

Read more: [link to dailycaller.com]
 Quoting: Crazy Harriet



A DOJ US Attorney in Chicago, named Eric Holder, is the one responsible for the "redline" lawsuit threats from the Clinton Administration's DOJ under Janet Reno.

And libtards wonder why he doesn't investigate the mortgage housing crisis?

Why?

Because he caused it himself.

News








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