It’s really sickening how big-government liberals can create a problem, and then demand a big-government solution like the Bush-Pelosi bailout:
Half Sigma: Smoking gun article: liberals, Democrats, poor people and non-Asian minorities caused financial crisis
A conservative warns of the problem, but he is ignored by Democrats because Democrats and liberals know that the conservative is motivated by racism.
The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants.
It’s all clear…
Banks should have been smart enough to recognize that pro-“diversity” laws, rules, regulations, Congressional hearings, and the like were going to lead to the liquidity crisis, and tried to lobby against it as hard as they could.