Kamala Harris unveils $100 billion black homeownership plan

Liberal whites don't hang around black communities, either. What's your point?

The "nut" my get cracked by cutting crime in black communities.

Propaganda BS.

 

It must be fantastic to be a Japanese person living in Japan. Can you imagine living in society where you don't have to deal with a bunch of jealous people blubbering in their milk about how you are oppressing them?

Get this straight, every person has agency. If they fail, it is 100% their own responsibility. There is no shame in failure if you get up and try again. For those that instead choose to point their figure at other race, there needs to be shame.

 

I'm not imitating. Besides, I'm not concerned about convincing people like you.

 

You're willfully blind to the impact of racism.

 

Huh? I have no idea what you are talking about. Japan? I think you might be blubbering in more than just milk right now, if you know what I mean.

So who failed themselves to be enslaved? Who failed themselves to be denied home ownership, jobs, and other forms of building wealth that white Americans were not denied simply based on their skin color? When black people exercised their agency, they were enslaved, beaten, lynched and denied. You should exercise your agency and read a book. Maybe even two.

 

You have already confessed otherwise. Did you already forget you said: "As long as Fatso dishes out insults, I insult him."

Maybe you should pay reparations to overweight people.

 

Sure.

Read the damn graph.

http://www.aei.org/publication/wage...y-is-now-working-best-for-lower-wage-workers/

 

yes.
The US government made sure almost all black farmers went bankrupt.
Bank of America charged black people more than white people when they qualified the same way.

The USDA has admitted to having discriminated against black farmers. By 1992 the number of black farmers had declined by 98%. Studies in the late 20th century found that county and state USDA authorities, who were typically white in the South, had historically and routinely discriminated against African-American farmers on the basis of race.
https://en.wikipedia.org/wiki/Pigford_v._Glickman

https://www.amren.com/commentary/2011/12/bank_of_america_5/
Holder cited one example of the discriminatory practices from 2007 where a qualified African American customer in Los Angeles borrowing $200,000 paid an average of roughly $1200 more in fees than a similarly qualified white borrower.


White privilege is so real.
Just a white supremacist hoax to deny it.

 

Why did the Arians and Jews put up the Jim Crow laws? How about you go ask them.

 

Some banks paid over 300 million in fines for ethnic discrimination. So it's a fact that it happened. You go ask them troll questions to the banks who did it.

 

Total truth my company plan had to comply and my share of premiums doubled, my deductible went from $2500 to $6000, my copay went from $25 to $35 and $70 now for a "specialist" like my optomologist I have to see twice a year. And hospital coverage dropped from 80% to 50%.

What if cost to produce goes up, what do you do when the shortened patent period at your government forced lower pricing does not pay for development, testing and certification and there already mechanisms to prevent the altering and by then generics for the original would be available.

They are American drug companies that develop all these wonder drugs and other companies blackmail them by threatening to reverse engineer and produce in their own countries or if the pharma will not agree to the price the citizens don't get the drug.

Egads of course, we already have doctors retiring early as my of over 20 years did and not taking Medicaid patients or Medicare patients.

And Americans don't by from the Canadian healthcare system, they are, or were don't know if they still do it, through private companies.

Why should other countries bully our companies?

 

Post 533 says they punished people financially for having a black skin. Who knew that when the American arians and Jews had this culture of legally oppressing black people for being black, didn't just vanish when the laws changed?

 

Did the people with black skin also not pay their bills and have bad credit?

"Aryans and Jews" oppress people for being black.

I see.

Please explain Africa in 2019.

 

Exactly what I went on this thread to say.

It wasn't a Bush plan, it was a Clinton plan. Bush simply continued the policy Clinton put in place. One more piece of evidence that Bush was no conservative.

"Affordable-housing goals established in the 1990s led to a massive increase in risky, subprime mortgages.

Simply put, the financial crisis of 2008 was caused by a lot of banks making a lot of loans to a lot of people who either could not or would not pay the money back. But this explanation raises two key questions. Why did private lenders, whose job it was to assess credit risk, make those loans? And why did the army of financial regulators, with massive enforcement powers, allow 28 million high-risk loans to be made? ...

Effective in January 1993, the 1992 housing bill required Fannie and Freddie to make 30% of their mortgage purchases affordable-housing loans. The quota was raised to 40% in 1996, 42% in 1997, and in 2000 the Department of Housing and Urban Development ordered the quota raised to 50%. The Bush administration continued to raise the affordable-housing goals. Freddie and Fannie dutifully met those goals each and every year until the subprime crisis erupted. By 2008, when both government-sponsored enterprises collapsed, the quota had reached 56%. An internal Fannie document made public after the financial crisis (“HUD Housing Goals,” March 2003) clearly shows that by 2002 Fannie officials knew perfectly well that these quotas were promoting irresponsible policy: “The challenge freaked out the business side of the house [Fannie] . . . the tenseness around meeting the goals meant that we . . . did deals at risks and prices we would not have otherwise done.” "

http://www.uspolicymetrics.com/the-clinton-era-roots-of-the-financial-crisis/

 

I asked first

Why would a financial institution do that and lose out on any money to be made? wouldn't someone else come in and do it? Why didn't black businessmen open banks and lend everyone there money?

 

Maybe the first bite of the crap sandwich did not taste good enough to take a second bite!

 

From YOUR cite

Of course, there was always a simple test for whether blacks (or Hispanics) were being held to higher credit standards than whites: Do they default less frequently? If non-whites have to be rolling in dough and collateral to get loans, they should almost never stiff lenders. But what is the reality? A 1999 study confirmed that blacks were more likely than whites to stiff banks, so, if anything, they were being held to lower credit standards. Today, Mr. Holder wants us to believe that Countrywide was deliberately stiffing blacks and Hispanics.

There is another reason to think that this settlement is just another government shakedown. Banking is competitive. If Countrywide was really skinning its customers, why didn’t they walk over to the bank across the street? Competition is what keeps virtually all bankers (and car dealers and soap salesmen) in line. But, no. We are supposed to believe that Countrywide wasn’t the least bit worried about scaring off customers, and that every one of those 200,000 alleged victims was such a bonehead it never occurred to him to try another bank......

We know from the Boston Fed study just how bad bureaucrats are at judging creditworthiness, so we can be 99 percent sure that this is baloney. But even if we decide to swallow the baloney, what about the whites (of equal creditworthiness) who got stuck with over-priced loans? Weren’t they just as hard done by as the non-whites? Shouldn’t they get some of the swag? Of course not. They’re white. Maybe they were skinned to the bone, too, but it wasn’t because of their race, so they get nothing.
https://www.amren.com/commentary/2011/12/bank_of_america_5/

 

yep, I agree, it's age discrimination

were not talking about if it's right or wrong, only that it is age discrimination, which it is

 

Well, it depends. We ask auto insurers to maintain high risk pools and reinsure to mitigate their risk. We ask businesses to put in wheelchair ramps. That said, I don't like putting the onus on banks in this case. If we have it in mind to help people in these neighborhoods who can't move on, we should do something for them directly.

 

wages only tell half the picture, but you know that.... count all income as income

 

Can't refute it, so must throw mud at it.

Great.

Let's also throw in all their free benefits and re-calculate.

 

you must not of read the links, it was most definitely a Bush plan - republicans are always the ones for less regulations for the banks

Bush was President and had full republican control of Congress

 

Absolutely. It's not up to banks, or taxpayers.

 

I agree, all the free benefits like company cars, stock options, ect...

 

Angelo Mozilo is a crook. Countrywide palmed off crap commercial paper as AAA and the damn Bush Administration let him get away with it, and then Obama didn't prosecute.

It didn't work with Countrywide. Sometimes regulation is necessary.

Countrywide was selling ARMs they knew wouldn't perform after they reset. As long as home prices were going up, borrowers faced with payments they couldn't afford could sell and pay off their loans. They bundled up the ARMs and sold them to the suckers.