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Do you think it may be the so-called ‘white guilt’ that was the catalyst of the mortage meltdown?
Posted on December 4th, 2008 1 comment
MackDaddy10 asked:
Democrats proposed legislation that made it easier for low income individuals to purchase homes. The current mortgage meltdown shows that this was a terrible idea to promote loans to irresponsible and/or individuals who couldn’t afford the homes.Barny Frank, Barack Obama, and many other liberals just call it “affordable housing”.
Do you think the mortage meltdown is a result of a desire for “affordable housing” or a result from the so-called “white guilt”? Why or why not?
Kansieo.comElections Affordable Housing, Barack Obama, Catalyst, Current Mortgage, Democrats, Desire, Income Individuals, Liberals, Loans, Mortage, Mortgage Meltdown, Proposed Legislation, White Guilt1 responses to “Do you think it may be the so-called ‘white guilt’ that was the catalyst of the mortage meltdown?”
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The mortgage meltdown is the result of lenders lowering their standards in order to sell more loans. High risk loans were available to anyone regardless of ( as the disclosures say) race, religion, national origin, gender, etc., etc., etc.
Don’t you think that “white guilt” as a political motivator has largely been replaced by the political power of elected monority individuals who view the advancement of their particular interest group (race, ethnic identity, etc.) as their mandate?
The vast majority of recipients of all types of government assistance are Caucasian. “White guilt” has nothing to do with them, does it?
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mighty_whitey January 17th, 2009 at 15:31