Irony, Anyone?

[waterboy]

quote:Originally posted by Conan71

Who put me in charge?  I started the topic.  If you want to start a topic about my narrow-minded, Republican, Rovian, Inohofe-supporting superior mind-set, go for it.

When you run out of cogent points or are presented with facts contrary to your deeply-held beliefs, you obfuscate and call everyone else partisan or revisionist because they don't agree with your opinion or world-view.  I'm not the one with an absolute view of the world and I seldom make an assertion I'm not prepared to back up with documented fact.

At least some people on here are willing to admit when they are incorrect or are willing to listen, learn, and deviate from deeply-rooted prejudice (not racially-speaking prejudice).  You just don't seem to be one of those.  You and HT can't seem to tolerate it when your baseless assertions are repuidated by fact.

Other than not consistently posting a bunch of moonbat libtard non-sense which isn't your own work, I fail to see how your kind of blind liberalism is much different than FOTD/Aox.

[:O]FOTD/AoX wasn't too bad. I figured they only kicked him off to be "fair and balanced" since they had to kick off FB. But really, I would prefer to be listed with the RufNex brand of liberal. Chicago street fighter. Takes no s**# from anyone but glad to be a part of the community.

I learn Conan. Ruf pointed out my unrecognized bias against Broken Arrow. FB pointed out my naivete about the Tulsa power structure. FOTD actually energized my latent liberalism. You have taught me patience.[]

And thanks for pointing out to all our fellow posters that I am blind. Have you no shame!? Must you go after the handicapped as well?

[Conan71]

quote:Originally posted by USRufnex



"black and Hispanic borrowers were far more likely to be steered into high-cost subprime loans than other borrowers, even after controlling for factors such as income, loan size and property location

One important piece of the credit puzzle was left out of this article- credit history and credit score.  That is a major factor in tiered interest rates.

Ostensibly state and federal regulators regularly audit loan docs to make sure discrimination and abuses of consumer credit codes are not taking place.

When I worked in consumer lending, we had an internal audit once per year with an internal auditor, and an annual audit by the state department of consumer credit.  Literally, every loan made or refinanced was reviewed by the auditors.  Every credit app, every part of the promisory note and security agreements.  Any hint of discrimination would have brought with it high penalties.

IOW- There's nothing scientific about "steering" blacks and hispanics to higher interest rate loans without taking into consideration credit history or lack thereof.  Nothing I've managed to read so far mentions credit scoring or history, it only references income, race, home location, or price.  Credit is an important piece of the puzzle.

If charging a higher interest rate to people with derogatory or no credit history is discriminitory, that's a new twist.  If the case is that blacks or hispanics typically have worst repayment records, collection accounts, or no credit history, that's more a social and behavioral issue, not a racially-biased one, as credit scoring is supposed to be entirely objective.

I don't know where you were going with the whole Kucinich and irony thing.  Look, we can't ignore the problem and make it go away, but we can't pass the largest economic recovery effort in history on impulse either.  I'm most definitely concerned about impacts tight credit will have through construction, commercial real estate, manufacturing, and oil & gas- all industries my company serves.  I have a vested interest in the credit markets not collapsing, as does pretty much every individual in this country.  However, jumping at the first draft if it has hidden pitfalls isn't a wise idea with so much at stake.

It's also a concern to me that the dream of home ownership is looking unachievable right now to many Americans.

We are essentially going to borrow our way out of this borrowing crisis- so it better be right however it is done, if it is done.  I've got a lot of mixed feelings about this, but most everyone I'm talking to, righties and lefties are saying: "What else can we do at this point?"  I'm getting a lot of agreement this should not be politicized and finger-pointing needs to be replaced with honest and decisive action.

[Conan71]

quote:Originally posted by waterboy

Must you go after the handicapped as well?

Always.  It's the Repiglican in me.