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07-27-2012, 07:38 PM | #1 |
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Do you remember that thing about how the banks wouldn't lend to blacks and Hispanics because they were racists? And do you remember how they passed the Community Reinvestment Act so that banks were forced to reduce down payments practically to zero and lend to a lot of people they knew were bad credit risks? And do you remember how Wall Street bundled all these risky subprime mortgage and sold them to investors around the world so that when it became clear that those people weren't going to be able to pay their mortgages banks everywhere were left holding the bag and all five of the Wall Street investment houses either went under or had to be bailed out by the federal government?
http://spectator.org/archives/2012/0...the-housing-cr They're DOING IT AGAIN!!!! |
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07-27-2012, 10:22 PM | #2 |
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http://youtu.be/5HKAuaU5VlE ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ THE END OF THE MONEY ECONOMY? WILL I HAVE TO CARRY CIGARETTES TO BUY DAY TO DAY STUFF? |
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07-28-2012, 01:04 AM | #4 |
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Yes, believe it or not, the federal government is now starting another initiative to force banks to lend to low-credit-rated blacks and Hispanics -- not just anybody but specifically blacks and Hispanics -- and is threatening -- and already imposing -- huge punitive fines if they don't.
So if I want a loan the best thing I can do is put on some blackface and talk like a nigger or a spic. Hmmmm..... |
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07-28-2012, 03:31 AM | #5 |
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07-28-2012, 03:39 AM | #6 |
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07-28-2012, 03:41 AM | #7 |
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Yes, believe it or not, the federal government is now starting another initiative to force banks to lend to low-credit-rated blacks and Hispanics -- not just anybody but specifically blacks and Hispanics -- and is threatening -- and already imposing -- huge punitive fines if they don't. |
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07-28-2012, 03:43 AM | #8 |
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http://youtu.be/5HKAuaU5VlE ~~~~~~~~~~~~~~~~~~~~~~~~~~~ GET SOME FALSE ID.... BUY A STRING OF HOUSES.... PUT WORKING GIRLS IN 'EM.... HIRE A GOOD RUNNER TO PICK UP THE CASH... |
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07-28-2012, 03:43 AM | #9 |
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07-28-2012, 03:44 AM | #10 |
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07-28-2012, 03:45 AM | #11 |
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07-28-2012, 03:47 AM | #12 |
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07-28-2012, 03:49 AM | #13 |
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http://youtu.be/5HKAuaU5VlE ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ C'MON.... LET'S GET BEHIND THE PRESIDENT AND MAKE THIS KEYNESIAN/FASCIST THING WORK! |
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07-28-2012, 05:29 AM | #15 |
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07-28-2012, 05:39 AM | #16 |
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It was the high fuel costs during the summer of 2008 that caused a contraction in the economy.
Please remember that. Everything was fine (on the surface) up until then. Although the loans were risky, it wasn't until people were forced to choose between filling the tank and eating, or paying the mortgage that we got into trouble. High fuel costs. Economic contraction. Job loss. Real estate values plummet. Mortgages collapse. No, banks should not be forced into risky loans again, that's just plain stupid after having lived through this mistake once before. And if you'll read that article you'll see that the Democrat fruitbat, Elizabeth Warren is behind this. She's a clear and present danger to the Republic. |
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07-28-2012, 07:46 AM | #17 |
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07-28-2012, 08:17 PM | #20 |
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This is "social justice" on a grand scale. Everyone knows the niggers and spics won't be able to repay the loans, and everyone knows the government won't let the banks fail. They won't let the banks evict the niggers and spics either.
Congratulations White America, you're about to buy Pablo and Dontavious a new house! |
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