Origin

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Thanks to ABF for this very salient quote:

QUIETLY, behind the scenes, the Clinton Administration is preparing for the biggest regulatory crackdown of recent years. Attorney General Janet Reno is linking up with banking regulators and with HUD Secretary Henry Cisneros to end the supposed epidemic of discrimination against minorities in making home loans. The implications for society at large are ominous.”

You want to seek the origins of this current crisis, as I indicated yesterday? Here you go:

Here, as in affirmative-action efforts in hiring, college admissions, and the drawing of voting districts, the Washington establishment is obsessed with “disparate impact,” which it equates with racism. In the mortgage-lending area, there is ample evidence of disparate impact to feed this obsession. Data collected by the Federal Government reveal that in 1992, while 16 per cent of white applicants for mortgage loans were rejected, 36 per cent of black applicants were rejected.

So theoretically I SHOULD be able to purchase my Rolls Royce Phantom, doing the logical extension.

You want the actual origin, here it is: the Demorats. Imagine that.

BZ
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6 thoughts on “Origin”

  1. I just cant imagine some huge black guy in Oakland standing for this senario.

    Talking to the guy who fixed him a loan for a house he couldnt afford.

    Huge black guy: What you mean I cant stay in my house? I been paying it.

    Loan shark OOPS guy: Well you see you have only been paying the INTEREST on the loan. Now the interest goes up and the house has gone down in value so we cant get you a new loan for the same payment.

    Huge black guy: But I been paying!!
    You said Id get $50K at least out of the deal.

    Loan guy: Well that was before so many stopped paying. Now you actually owe $100K more than the house is worth. And you have to get out of the house.

    Huge black guy: I want my $50k you promised me and I either get my money or my prison gang homies get YOU>

  5. One sometimes wonder if this wasn’t the intended result back when all of this crap got it’s start. It’s as if they new that eventually, their actions would eventually lead to this. The Democrats sure are unrepentant.

    VW

  6. It all goes back to the Clinton days and perhaps farther back. It is disgusting and the American people pay for it.

    I bet the dumb arses in this nation put Obama in the WH.

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