dreamdancer 0 #1 September 14, 2009 color blindness... QuoteBecause people of color were disproportionately saddled with predatory loans, neighborhoods of color bear the brunt of foreclosures. Black, Latino, Asian and American-Indian families have been stripped of much of the wealth they had carefully accumulated over the years. The impact of these losses will last for generations. That people of color face higher rates of foreclosure is no coincidence. Until the 1970s, communities of color were broadly excluded from owning homes as a result of racial "redlining" practices and racially restrictive neighborhood agreements. Then Congress passed the Community Reinvestment Act (CRA) to end discrimination in lending. Suddenly redlining and racial exclusion were made illegal and people of color slowly began to access prime loans. But in the late 1990s, Congress deregulated the mortgage industry along with Wall Street, opening the space for industry to circumvent the CRA. These were the same anti-regulatory maneuvers that made subprime securitization possible. As the CRA was weakened and incentives to sell subprime loans grew, neighborhoods of color provided fertile ground for the sale of these faulty products. Since communities like Leila's were largely devoid of prime lenders as a result of redlining, there was little competition and the credit vacuum created conditions for the predatory sale of high-cost loans to communities of color. The streets of central Brooklyn and Detroit filled with predatory lenders and millions of these mortgages were sold. They ultimately burst, flooding the economy with toxic assets and submerging all of us in an economic storm. In other words, the economic crisis is built on the country's long history of racial discrimination. http://www.commondreams.org/view/2009/09/13-6stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
SkyChimp 0 #2 September 14, 2009 ..... and you can thank Slick Willie for that one. Hillary isn't much different either. Does anyone else find it funny that we made a SPORT out of an EMERGENCY PROCEDURE?!?! Quote Share this post Link to post Share on other sites
airdvr 210 #3 September 14, 2009 Another notch in the "it's not my fault" lib totem pole. Government to the rescue...that worked well.Please don't dent the planet. Destinations by Roxanne Quote Share this post Link to post Share on other sites
sundevil777 102 #4 September 14, 2009 QuoteIn other words, the economic crisis is built on the country's long history of racial discrimination. Not quite the whole story there. Thanks should also go to Clinton's Attorney General Janet Reno, libs such as Charlie Rangel and Chris Dodd, all with the best intentions threatening banks with audits if they didn't aggressively step up their loans to minority neighborhoods. Then they got the fed gov't managed freddie/fannie whatevers to provide a willing market to buy such loans, no matter how risky. All done with the best intentions, of course. I understand that is enough to excuse any bad results, as long as one is a liberal.People are sick and tired of being told that ordinary and decent people are fed up in this country with being sick and tired. I’m certainly not, and I’m sick and tired of being told that I am Quote Share this post Link to post Share on other sites
JohnDeere 0 #5 September 15, 2009 Another great thing that Acorn was involved in!They where and still are one of the big pushers to get minorities qualified for loans they cant aford. Does anybody still believe home ownership is a right? Nothing opens like a Deere! You ignorant fool! Checks are for workers! Quote Share this post Link to post Share on other sites
jgoose71 0 #6 September 15, 2009 O...M...G...!!!! I thought it was all Bushes fault...."There is an art, it says, or, rather, a knack to flying. The knack lies in learning how to throw yourself at the ground and miss." Life, the Universe, and Everything Quote Share this post Link to post Share on other sites
dreamdancer 0 #7 September 15, 2009 Quote Quote In other words, the economic crisis is built on the country's long history of racial discrimination. Not quite the whole story there. Thanks should also go to Clinton's Attorney General Janet Reno, libs such as Charlie Rangel and Chris Dodd, all with the best intentions threatening banks with audits if they didn't aggressively step up their loans to minority neighborhoods. Then they got the fed gov't managed freddie/fannie whatevers to provide a willing market to buy such loans, no matter how risky. All done with the best intentions, of course. I understand that is enough to excuse any bad results, as long as one is a liberal. what you mean is that affirmative action for whites in the housing market was finally ended stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
Rookie120 0 #8 September 15, 2009 Quotewhat you mean is that affirmative action for whites in the housing market was finally ended Say what???????If you find yourself in a fair fight, your tactics suck! Quote Share this post Link to post Share on other sites
mnealtx 0 #9 September 15, 2009 QuoteQuotewhat you mean is that affirmative action for whites in the housing market was finally ended Say what??????? Gotta wonder what passes for logic over there at altreality.net, hmm?Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
dreamdancer 0 #10 September 16, 2009 whites have had government backed affirmative action in the housing market for decades - this is a simple historical fact... (if you want to deny this fact then your racism is showing)stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
Rookie120 0 #11 September 16, 2009 Quote (if you want to deny this fact then your racism is showing) Well there it is. I don't agree with the bullshit that yuo spew so I must be a racist. Quote whites have had government backed affirmative action in the housing market for decades Really? I never got help to buy or rent a home. No housing help for this white racist cracker. No section 8 either. Bot that govt assistance sure has helped me along. What would I have ever done without it? Quote this is a simple historical fact... No it's another bullshit opinion.If you find yourself in a fair fight, your tactics suck! Quote Share this post Link to post Share on other sites
dreamdancer 0 #12 September 16, 2009 no, i've researched this and it's a definite fact... (though you do have your opinion - which is indisputable)stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
Rookie120 0 #13 September 16, 2009 Quote no, i've researched this The websites you post from is not research. So how am I holding the black community back again? Just because Jesse Jackson, and Al Sharptonhas you feeling guilty for being white don't take me along on your guilt trip.If you find yourself in a fair fight, your tactics suck! Quote Share this post Link to post Share on other sites
mnealtx 0 #14 September 16, 2009 Quotewhites have had government backed affirmative action in the housing market for decades - this is a simple historical fact... (if you want to deny this fact then your racism is showing) Prove it. FACTS, Kevin... not more opinion pieces - hard fact and laws that prove your point.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
JohnDeere 0 #15 September 16, 2009 Quoteno, i've researched this and it's a definite fact... (though you do have your opinion - which is indisputable) Hey Dreamworld can you show us the "fact's"?Nothing opens like a Deere! You ignorant fool! Checks are for workers! Quote Share this post Link to post Share on other sites
Rookie120 0 #16 September 16, 2009 QuoteHey Dreamworld can you show us the "fact's"? He's searching alternet to find some but seems to be running into troubles with that task.If you find yourself in a fair fight, your tactics suck! Quote Share this post Link to post Share on other sites
CanuckInUSA 0 #17 September 16, 2009 Why are you using the race card? Who's fault is it when people live beyond their means? I guess "personal responsibility" is not in your vocabulary. There is nothing racial about "Don't spend more than you make". Try not to worry about the things you have no control over Quote Share this post Link to post Share on other sites
dreamdancer 0 #18 September 17, 2009 QuoteProhibition on racial redlining. Congress has enacted two major pieces of legislation that seek to eliminate racial discrimination in residential mortgage lending. The Fair Housing Act, enacted in 1968, broadly prohibits discrimination in all aspects of housing sales and rentals and housing finance. The Equal Credit Opportunity Act, first enacted in 1974 to prohibit discrimination based on sex in all types of credit transactions, was amended in 1976 to reach discrimination based on race or national origin. Collectively, these two statutory schemes, which overlap in the area of mortgage credit, are often referred to as the Fair Lending laws. The Fair Housing Act declares unlawful any conduct that makes housing "unavailable" to any person on the basis of race [Section 3604(a)] or which discriminates on the basis of race in "the provision of services or facilities in connection" with the sale of housing [Section 3604(b)]. The Act also makes it unlawful for any person engaged in a real estate-related business to discriminate on the basis of race in making available housing credit of any type or to discriminate in the terms or conditions of such credit [Section 3605] http://public-gis.org/reports/red1.htmlstay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
dreamdancer 0 #19 September 17, 2009 QuoteQuoteno, i've researched this and it's a definite fact... (though you do have your opinion - which is indisputable) Hey Dreamworld can you show us the "fact's"? i see you've conceded the debate... redlining is a factstay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
marks2065 0 #20 September 18, 2009 QuoteQuoteProhibition on racial redlining. Congress has enacted two major pieces of legislation that seek to eliminate racial discrimination in residential mortgage lending. The Fair Housing Act, enacted in 1968, broadly prohibits discrimination in all aspects of housing sales and rentals and housing finance. The Equal Credit Opportunity Act, first enacted in 1974 to prohibit discrimination based on sex in all types of credit transactions, was amended in 1976 to reach discrimination based on race or national origin. Collectively, these two statutory schemes, which overlap in the area of mortgage credit, are often referred to as the Fair Lending laws. The Fair Housing Act declares unlawful any conduct that makes housing "unavailable" to any person on the basis of race [Section 3604(a)] or which discriminates on the basis of race in "the provision of services or facilities in connection" with the sale of housing [Section 3604(b)]. The Act also makes it unlawful for any person engaged in a real estate-related business to discriminate on the basis of race in making available housing credit of any type or to discriminate in the terms or conditions of such credit [Section 3605] http://public-gis.org/reports/red1.html Quote This doesn't say anything about giving loans to unqualified people, white or black. I guess the racist people ignored that fact when pressing banks to loan to minorities. Quote Share this post Link to post Share on other sites
dreamdancer 0 #21 September 18, 2009 QuoteQuoteQuoteProhibition on racial redlining. Congress has enacted two major pieces of legislation that seek to eliminate racial discrimination in residential mortgage lending. The Fair Housing Act, enacted in 1968, broadly prohibits discrimination in all aspects of housing sales and rentals and housing finance. The Equal Credit Opportunity Act, first enacted in 1974 to prohibit discrimination based on sex in all types of credit transactions, was amended in 1976 to reach discrimination based on race or national origin. Collectively, these two statutory schemes, which overlap in the area of mortgage credit, are often referred to as the Fair Lending laws. The Fair Housing Act declares unlawful any conduct that makes housing "unavailable" to any person on the basis of race [Section 3604(a)] or which discriminates on the basis of race in "the provision of services or facilities in connection" with the sale of housing [Section 3604(b)]. The Act also makes it unlawful for any person engaged in a real estate-related business to discriminate on the basis of race in making available housing credit of any type or to discriminate in the terms or conditions of such credit [Section 3605] http://public-gis.org/reports/red1.html Quote This doesn't say anything about giving loans to unqualified people, white or black. I guess the racist people ignored that fact when pressing banks to loan to minorities. you admit that redlining is racist? (why else bring in a fair lending law)stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
mnealtx 0 #22 September 19, 2009 We're still waiting for you to post something that proves your claim, Kevin.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
dreamdancer 0 #23 September 19, 2009 you're saying redlining doesn't exist?stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
mnealtx 0 #24 September 19, 2009 Quoteyou're saying redlining doesn't exist? Re-read post 10. Then post something that proves your claim. So far, you haven't.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
dreamdancer 0 #25 September 19, 2009 QuoteQuoteyou're saying redlining doesn't exist? Re-read post 10. Then post something that proves your claim. So far, you haven't. redlining - does it, or does it not, exist?stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
