Saturday, October 28, 2023

federal reserve’s new rule: banks must lend to more black deadbeats, and Whites must then pay the blacks’ defaulted loans (the same sort of policy that caused the 2008-2009 minority mortgage meltdown!)

By N.S.

“fed moves to close massive racial homeownership gap

“the new rule marks the most significant revision to the community reinvestment act in nearly three decades.”

https://www.politico.com/news/2023/10/24/lending-discrimination-anti-redlining-rule-00123150



4 comments:

  1. Not a gap,it's capitalism.You don't deserve a house unless you can pay for it.Who's going to pay their insurance and property taxes...hmmm?Utilities?Trash pickup.

    --GRA

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  2. Equal opportunity for all. The colored cheat the bank, and the bank cheats the whitey.

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  3. I used to be a customer at Washington Mutual. It once was a good bank until a greedy executive started expanding like mad. I remember reading that the bank gave a mortgage to a Mexican whose only evidence of having a job was a picture of himself in a mariachi band uniform. Of course Washington Mutual went tits up. Mexicans who couldn't afford to buy a house and pay the mortgage were given one anyway and they would try to make do by packing the house with borders paying rent. There was a house on our block with thirteen cars parked on the lawn. A neighbor told me there were 30 people living in the house. Some of the Mexican residents of this house tried to get a White teenager to go to their backyard to "pet a chicken" and also offered to take her in their car shopping. Who knows what would have happened if she had accepted. Fortunately this turd world crowd lost the house and moved out of the neighborhood.

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  4. A shell game,a Ponzi when you sell to a minority.The people that close that kind of deal should have their licenses removed.It's a con.Then the media complains there isn't enough housing.There IS--but not for illegals and criminal blacks--they don't qualify

    --GRA

    ReplyDelete