Obama Administration’s Guns of Singapore Blasting Away
14th September 2012
Steve Sailer blows the whistle.
Since 1968, the government has increasingly crusaded for more mortgage lending to minorities and lower income borrowers by attacking lenders that don’t lend enough to favored groups. The last push, the White House Conference on Increasing Minority Homeownership on 10/15/2002 where Bush lauded what turned out to be toxic mortgages as engines of racial justice, gave optimistic and/or get-rich-quick lenders an excuse to set off the Housing Bubble of 2004-2007.
You might think that by now everybody would have wised up about how an originally well-intentioned policy had gone too far. But, then, we’re not supposed to mention this fact. Moreover, the institutions that brought it about still exist, still get funded, and continue to search out and destroy all evidence of disparate impact in mortgage lending like robot juggernauts from the future in a James Cameron movie.