On 1/6/2018 5:55 PM, juan wrote:
On Sat, 6 Jan 2018 17:21:29 +1000
jam...@echeque.com wrote:
On 1/6/2018 2:40 PM, juan wrote:
"The Size of the Bank Bailout: $29 Trillion "
https://www.cnbc.com/id/45674390
The reason the banks needed to be bailed out was affirmative action
lending,
stop lying, scum
I was in Sunnyvale, which was ground zero of the Great Minority Mortgage
Meltdown: Almost every dud mortgage in Silicon valley, as near to all
of them as makes no difference, was a loan to a non white, usually a
recent immigrant, frequently illegal, usually with poor English or no
English.
The Bank of Beverly Hills was destroyed for doubting that lending to
people with no income, no job, and no assets was a good idea.
During the takeover bidding wars when banks were buying each other up,
rather than the bidders promising the shareholders more money, the
bidders would promise the regulators more mortgages to nonwhites and
single women.
With Angelo Mozilo always getting the winning bid by promising
astonishingly large amounts of affirmative action loans to Hispanics.
