Finally, Subprime Foreclosure Rates by Race

[Razorguns]

C'mon, what next?

African American males commit most gun murders? Mexicans make up most illegal immigrants? Asians graduate the most medical students? C'mon, we're all supposed to be one color unless a cop shoots one of us, get with the program!!

r

 

[gjohnson5]

Does this NPI website pay you to post their articles here? Just wondering why you keep posting their shit on EF?

And it's interesting that people actually find their garbage (I mean those numbers) insightful
*edit*
Three pages on NPI propaganda as well
*edit*

 

[Hengst]

You will see the entire website is dedicated to bashing minorities read the other articles and ebooks such as " the white population is dwindeling " " who speaks for whites "

Ah yes..... the white population IS dwindling. And.... who DOES speak for the white man? Those ~horrid~ white people, how DARE they have an ethnic awareness or concern.

Times, they are a changing..... YT is not going to take it any longer. He is slowly waking from his slumber and will not tolerate being denigrated for his skin color any more.

To understand what I'm saying read the comments that follow this article. (imagine for a moment an article titled: In a changing world, Detroit remains overwhelmingly black. It could never be written)
"In a changing world, Portland remains overwhelmingly white"
In a changing world, Portland remains overwhelmingly white - OregonLive.com

 

[gjohnson5]

Now I'm curious if Hengst and ProfessorSwole are alters...

 

[rnch]

ah yes..... The white population is dwindling. And.... Who does speak for the white man? Those ~horrid~ white people, how dare they have an ethnic awareness or concern.

Times, they are a changing..... Yt is not going to take it any longer. He is slowly waking from his slumber and will not tolerate being denigrated for his skin color any more.

To understand what i'm saying read the comments that follow this article. (imagine for a moment an article titled: In a changing world, detroit remains overwhelmingly black. It could never be written)
"in a changing world, portland remains overwhelmingly white"
in a changing world, portland remains overwhelmingly white - oregonlive.com

racist!!

 

[Dial_tone]

To understand what I'm saying read the comments that follow this article. (imagine for a moment an article titled: In a changing world, Detroit remains overwhelmingly black. It could never be written)

I have read enough articles of that kind that they don't even stand out as memorable.

 

[needtogetarmy]

Lenders should be verifying the information. A few weeks of pay stubs would knock that right out.

The CRA changed all of that. People with no proof of income could obtain loans. Special interest groups also went after lenders for racial discrimination when they didn't want to give out loans to minorities with shitty credit.

Everyone here should read up on the Community Reinvestment Act.

On another note, the statistics do show a large percentage of minorities did default.

The critical issue is not a persons race - it is their level of education regarding loans. Smart people of all colors, shapes and sizes know to stay away from mortgages they can't afford. Education is the key.

The real problem will never be addressed though. Bush and the rest of the race-pandering pricks in this nation believe that home ownership is a good way to build wealth so they pushed homes, and lenders to give out loans, to millions of people who couldn't afford it. A large segment that was targeted were minorities, many of whom did not know what they were doing. The same goes for stupid white people who signed mortgages they couldn't afford.

The sad thing is that working class Americans are the ones paying for all of this. If you look at the bailout program and the steps being taken to "fix" this mess they are going to make it worse.

Just look at some of the post in this thread. Attack the messenger. Attack the numbers as being lies. Attack the source of the information. That fixes nothing.

BTW I see nothing racist with the site posted by professorswole. I don't agree with the underlying political agenda but it does point out some issues Americans are not willing to deal with. Namely what I said above.

Also, look at how Obama is dealing with this mess. The general plan is to allow bankruptcy courts to rewrite mortgages and also to hand out more money to organizations that created this mess. I have yet to see anything regarding educating people on how to properly manage their wealth. If you give wealth away to people who do not know how to manage it they will squander it away. Finance 101.

Another Article:

http://www.ibdeditorials.com/IBDArticles.aspx?id=312766781716725

 

[mrplunkey]

the cra changed all of that. People with no proof of income could obtain loans. Special interest groups also went after lenders for racial discrimination when they didn't want to give out loans to minorities with shitty credit.

Everyone here should read up on the community reinvestment act.

On another note, the statistics do show a large percentage of minorities did default.

the critical issue is not a persons race - it is their level of education regarding loans. smart people of all colors, shapes and sizes know to stay away from mortgages they can't afford. Education is the key.

The real problem will never be addressed though. Bush and the rest of the race-pandering pricks in this nation believe that home ownership is a good way to build wealth so they pushed homes, and lenders to give out loans, to millions of people who couldn't afford it. A large segment that was targeted were minorities, many of whom did not know what they were doing. The same goes for stupid white people who signed mortgages they couldn't afford.

The sad thing is that working class americans are the ones paying for all of this. If you look at the bailout program and the steps being taken to "fix" this mess they are going to make it worse.

Just look at some of the post in this thread. Attack the messenger. Attack the numbers as being lies. Attack the source of the information. That fixes nothing.

Btw i see nothing racist with the site posted by professorswole. I don't agree with the underlying political agenda but it does point out some issues americans are not willing to deal with. Namely what i said above.

Also, look at how obama is dealing with this mess. The general plan is to allow bankruptcy courts to rewrite mortgages and also to hand out more money to organizations that created this mess. I have yet to see anything regarding educating people on how to properly manage their wealth. If you give wealth away to people who do not know how to manage it they will squander it away. Finance 101.

Another article:

IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Stop Covering Up And Kill The CRA

r a c i s t !!!!

 

[jnevin]

The stated loans were a good thing for a lot of people. It's just that a lot of people lied and took advantage of it. Anyone that's self employed will show a shitload less than their actual earnings. What's kinda stupid is they'll use pre-tax income on W2 wage earners but go off of the adjusted income on the schedule c for self employed borrowers. Now there's a shitload of self employed people with verifiable assets, perfect payment histories, and excellent credit that are stuck in ARMs that are adjusting and can't refinance.

 

[needtogetarmy]

r a c i s t !!!!

If anything, the statistics show that the real smart people are Asians. I don't see them defaulting!

Asians > whites >= blacks >= Latinos > midgets > trannys > Pick3