It should not, no, but the GOP dog whistles demonstrate it does.
Joel Send a noteboard - 28/12/2012 10:49:34 PM
If you can't make the payemnts on a 250K loan, you have no business buying a 250K house. END OF STORY.
Looking at people's skin color is what started this freaking mess. When the hell are we going to finally get past this garbage?
Looking at people's skin color is what started this freaking mess. When the hell are we going to finally get past this garbage?
Lee Atwater detailed it with greater first-hand knowledge than I ever could, so I will just quote him:
You start out in 1954 by saying, "N----r, n----r, n----r." By 1968 you can't say "n----r" — that hurts you. Backfires. So you say stuff like forced busing, states' rights and all that stuff. You're getting so abstract now [that] you're talking about cutting taxes, and all these things you're talking about are totally economic things and a byproduct of them is [that] blacks get hurt worse than whites. And subconsciously maybe that is part of it. I'm not saying that. But I'm saying that if it is getting that abstract, and that coded, that we are doing away with the racial problem one way or the other. You follow me — because obviously sitting around saying, "We want to cut this," is much more abstract than even the busing thing, and a hell of a lot more abstract than "N----r, n----r."[8][9]
Racist policies MARKETED as racist policies are totally OK if 1) the racism is purely incidental and 2) it carries the South.
Your knowledge of this SITES history, much less the GOPs or Americas, is woefully lacking, because I cannot count how many times I have seen posts from various people here insiting the subprime mortgage crisis was all because of Carter and Barney Franks "racist" efforts to help low-income families (which are disproportionately minorities) buy homes. There just is not any data showing disproportionate minority defaults to support that. Just like the data shows the massive spike in high risk mortgage debt was 2000-2005 after Gramm-Leach-Blilely, not in '98 and '99 after the CRA.
The data does not support the GOP narrative and neither does logical causality: It is a fairy tale designed to excuse their (at best) gross negligence. Clinton and the House Dems who voted for it share significant blame for that, undoubtedly, but that does not excuse the three GOP Senators who wrote the SOB, nor the 53 Senate Republicans who approved over the dissenting votes of all but one Senate Democrat. Splitting blame is reasonable; dumping it all on Carter and Barney Frank is not just logically, causally and factually impossible, but a brazen and libelous falsehood.
Honorbound and honored to be Bonded to Mahtaliel Sedai
Last First in wotmania Chat
Slightly better than chocolate.
Love still can't be coerced.
Please Don't Eat the Newbies!
LoL. Be well, RAFOlk.
Last First in wotmania Chat
Slightly better than chocolate.
Love still can't be coerced.
Please Don't Eat the Newbies!
LoL. Be well, RAFOlk.
Community Reinvestment Act formally linked to the Sub-Prime/Mortgage Crisis - 
- 22/12/2012 09:01:56 PM
354 Views
- 22/12/2012 09:01:56 PM
354 Views
Did you see the part of the graph where higher debt leveled off in '98 and stayed there 2 years?
- 23/12/2012 04:13:01 AM
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Oh yeah, one of Bill Clinton's last acts as President
- 23/12/2012 02:47:23 PM
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... was signing a bill authored by three Republicans and passed with only ONE Dem Senators vote.
- 23/12/2012 11:37:10 PM
267 Views
Nice try - the repeal was all Clinton and Rubin.....buck stops with the leader.
- 24/12/2012 03:44:53 AM
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So the three Republicans who WROTE the bill are blameless; the guy who signed it is at fault.
- 24/12/2012 05:33:21 AM
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"Before you laugh too hard".....
- 24/12/2012 11:32:45 PM
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Also, did you just paraphrase Bill Clintons argument for Robamacare?! 
- 25/12/2012 03:36:37 AM
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- 25/12/2012 03:36:37 AM
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I've been trying to explain this to people for years.
- 26/12/2012 02:54:04 PM
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You and most of the GOP, but the facts do not support that narrative.
- 26/12/2012 05:54:28 PM
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Glass-Stegal was not repealed in a vacuum. There were many other regulatory changes
- 26/12/2012 07:40:45 PM
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I know the narrative; the facts still do not support it.
- 26/12/2012 08:43:25 PM
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Only when you ignore half of them.
- 27/12/2012 03:33:53 PM
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The entire "logic" ignores the most salient fact in the whole discussion.
- 28/12/2012 02:34:12 PM
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Your focus on that bill is the error.
- 28/12/2012 04:47:03 PM
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Any stats showing a disproportionate number of Fannie/Freddie defaults were by minorities?
- 28/12/2012 05:50:01 PM
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It has got NOTHING to do with skin color, the only color that should matter in banking is green.
- 28/12/2012 09:36:34 PM
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It should not, no, but the GOP dog whistles demonstrate it does.
- 28/12/2012 10:49:34 PM
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Get over YOUR perception that I give a damn about anyone's genetic background. I don't.
- 29/12/2012 04:18:22 PM
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Your incredible knowledge on this would fill a thimble. There were MULTIPLE issues>
- 28/12/2012 09:50:17 PM
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I love that part, too: "What Carter did in the '70s caused the subprime mortgage crisis in 2005."
- 28/12/2012 10:32:17 PM
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The policy began in the 70s, was MASIVELY expanded in the 90s, and blew up in the 00s.
- 29/12/2012 04:43:26 PM
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CRA was a disaster for the nation.....go ahead, you can admit it.
- 26/12/2012 08:32:33 PM
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The facts are in the graph in the article, and do not support that narrative.
- 26/12/2012 08:44:23 PM
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The facts support it perfectly. You vs. reality is the problem here. *NM*
- 26/12/2012 09:51:45 PM
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It is a pure causation line, get over it.
- 27/12/2012 03:35:19 PM
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Our Second Amendment discussions disqualify you as an authority on causality.
- 28/12/2012 02:58:04 PM
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I couldn't care less about party they both screwed up repeatedly.
- 28/12/2012 04:50:25 PM
112 Views
Then why do you insist on blaming Barney Frank exclusively?
- 28/12/2012 05:54:48 PM
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Because he is the person most responsible for forcing banks to lower lending standards. *NM*
- 28/12/2012 06:49:28 PM
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No he is not. It began in the 90s, well before he became chairman of the house commitee. *NM*
- 28/12/2012 09:57:02 PM
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Right, a guy who was only part of the House majority for two years did it all.
- 28/12/2012 11:03:08 PM
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I blame Barny for the under colateralization of F&F that he allowed and blocking the audit.
- 28/12/2012 09:54:27 PM
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Even were the charge valid (it is not,) if you believe it the crisis' main cause naught can help you
- 28/12/2012 11:00:14 PM
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The debate on comparative financial policies of the parties belongs elsewhere. lets keep on point.
- 29/12/2012 04:15:13 PM
130 Views