Jump to content
House Price Crash Forum
Executive Sadman

Subprime Crisis Wasnt About Greed, Ignorance, Stupidity, Profit.

Recommended Posts

Its funny how old Trev turns everything on its head, given a large part of the lobbying during the Clinton years was to help more minorities own homes through increasing credit availabilty. Id guess that his american counterparts, Jesse 'escalade' Jackson and Al sharpton would have probably been cheering such measures at the time.

http://www.telegraph.co.uk/finance/financetopics/recession/8307115/Racist-US-bankers-to-blame-for-credit-crisis.html

Obviously, a less unhinged observer, aware of the fact many non-blacks have also lost their homes or savings, would suggest that the road to hell is paved with good intentions, and leave it at that, rather than going off on a disingenuous immflamatory rant - Although i guess Trev should know what racism is, he even indulges in it himself...

http://www.personneltoday.com/articles/2006/01/10/33314/cre-chief-backs-recruiter-with-an-unlawful-no-whites.html

While if you or I were to make such a monumental transgression we'd be rightly sacked from our public positions whatever they were, let alone positions as directly relevant as Equality tsar.

In the case of Trevor Phillips however, the BBC never covers it, much less condemns it.

Share this post


Link to post
Share on other sites

Why were so many minority families taking these expensive loans?"

Greed, greed and greed!!!!!

Balls. Asian families have a long tradition of bank of family. Asians ALL have a MUCH higher saving rate than the natives. Guess what they do with this money? They loan it between themselves.

Share this post


Link to post
Share on other sites

Balls. Asian families have a long tradition of bank of family. Asians ALL have a MUCH higher saving rate than the natives. Guess what they do with this money? They loan it between themselves.

but TP doesnt mention asian or other 'minority' families. Just black ones.

Share this post


Link to post
Share on other sites

Thousands were not able to decipher the small print as they planted their 'X' on the rip-off mortgage papers.

They were lured in by really low rates and not told/advised the loan reverted to punitive, massively OTT rates after 6-12 months

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.