Evidence Against Interest: The Minority Role in the Housing Bubble
1st October 2014
Steve Sailer turns over a rock.
The Urban Institute has a new report out to promote HUD Secretary Julian Castro’s speech calling for debasing home mortgage credit standards. But its snazzy data tools just make it easier to see what a huge role Hispanics — especially Castro’s mentor, Clinton HUD Secretary and then Countrywide Financial director Henry Cisneros — played in the Housing Bubble and Bust.
As is traditional, the Federal government attempted to ‘fix’ something that wasn’t broke, and wound up burning all of us.