blonde molly

Taking Profits - Thanks, Obama

i don't know who is right on all the particulars in the above debate between ad and bs, annd i want to preface this by saying i'm a libertarian and so don't like either the dems or the reps.

but if i had to speculate on which party was presuring fan and fre and banks to loan to minorities and/or low incomes with bad credit, i would have to say it was the dems. it sounds like something they would do to me.

the new york times article says as much. so for bs to go to so much trouble to prove otherwise doesn't make much sense to me.

"Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic whites.

Home ownership has, in fact, exploded among minorities during the economic boom of the 1990's. The number of mortgages extended to Hispanic applicants jumped by 87.2 per cent from 1993 to 1998, according to Harvard University's Joint Center for Housing Studies. During that same period the number of African Americans who got mortgages to buy a home increased by 71.9 per cent and the number of Asian Americans by 46.3 per cent."
ny times query.nytimes.com/gst/...

for bs to imply that ad is a racist for pointing this out seems wrong too. bs acts surprised that the government could be behind promoting one race over another.

the feds order cities and states to have set asides for minorities, this includes women. companies with so many employees must hire minorities. i think i could go on with this if i so felt inclined.

so what's the big deal? this type of thing goes on all over the place.

bm