francoHFW
Diamond Member
What about Countrywide etc- Pals of Booshies...not pressure anyone...funny stuff!!They WERE NOT created by F+F or HUD. F+F's share of the market went from 75% to 25% in 2002-3, and didn't get on board (pressured by GOP) until later.Thank you, DEMS. OTOH, discrimination is alive and well. And Bush crony/thief regulators and private lenders wrecked the world with A+ rated private toxic loans 2002-8....Thats how ghettos were formed unless you think Redlining is fiction.
So people who had no money moved in without money. Now why were those people attracted to that particular area? Coincidence?
Since redlining is an actual thing that can be proven shouldnt we at least acknowledge its effects? Or should we continue to act confused by how all the poor people ended up in one area?
Ok, now you're just bullshitting. I'm black and have been around groups of blacks and not one time did a gang fight break out or a riot.
I trust thats how you feel but when you say blacks cant gather without a gang fight you become see through
Redlining has been illegal for years, so quit making excuses:
In the United States, the Fair Housing Act of 1968 was passed to fight the practice. According to the Department of Housing and Urban Development "The Fair Housing Act makes it unlawful to discriminate in the terms, conditions, or privileges of sale of a dwelling because of race or national origin. The Act also makes it unlawful for any person or other entity whose business includes residential real estate-related transactions to discriminate against any person in making available such a transaction, or in the terms or conditions of such a transaction, because of race or national origin."[19] The Office of Fair Housing and Equal Opportunity was tasked with administering and enforcing this law. Anyone who suspects that their neighborhood has been redlined is able to file a housing discrimination complaint. The Community Reinvestment Act of 1977 further required banks to apply the same lending criteria in all communities.[20]
Redlining - Wikipedia, the free encyclopedia
So tell us Wall Street genius, what were the banks supposed to do with all those bad securities created by HUD and F&F? And speaking of race, what do you suppose happened to all those blacks when they got foreclosed on since they couldn't afford the payments?
The GOP didn't pressure anybody. You're so FOS.
F&F make the regulations banks have to go by in order to make loans. If a bank doesn't comply with those regulations, they can't sell those loans off. They have to keep them.