Tuesday, September 23, 2008

Loan Bias

I've been neglectful in not mentioning Steve Sailer's powerful article "The Diversity Recession". It's a piece that should get as much play as possible because the one thing that needs to come out of the current crisis is to make sure that we do not repeat the same mistake, which those in Washington appear all too ready to do. A taste:
More than a negligible amount of the blame for the mortgage meltdown can be traced back to multiculturalism: government-mandated affirmative-action lending, demographic change, illegal immigration, and the mind-numbing effects of political correctness.

The chickens have finally come home to roost.

About half of all mortgages for blacks and Hispanics are subprime, versus roughly one-sixth for whites. Not surprisingly, the biggest home price collapses have occurred in heavily Hispanic cities such as Las Vegas, Miami, Phoenix, and Los Angeles.


MrsXperteas said...

I agree

Evil Sandmich said...

Still 'Mrs'? I thought the worst after your husband said that he played World of Warcraft!

MrsXperteas said...

Nah I play Warcraft with him.....