Someone really smart once said that the definition of insanity is doing the same thing over and over again and expecting a different result. Well, here we are again with the housing bubble – it’s like déjà vu, but it could be avoided. Well, that is, if the media wasn’t complicit in the insanity.

During the debate over new mortgage rules, the institute lobbied against down-payment requirements, even though equity reduces the risk mortgage loans will default. It got its wish. Borrowers don’t have to meet minimum credit scores, either. They can even count welfare and child-support payments as qualifying income. The Urban Institute’s goal, one shared by the Obama administration, is to close the “racial wealth gap.” In a just-released study, it points out that black families lost 31% of their wealth between 2007 and 2010, compared with 11% for white families. Predictably, the New York Times trumpeted the findings last week, claiming “discriminatory lending practices were a factor.” As proof, it noted blacks took out a disproportionately high share of subprime mortgages, while neglecting to point out this same demographic tends to default on loans at a disproportionately high rate, regardless of the loan terms — prime, subprime; high cost, low cost; adjustable, fixed doesn’t matter. The point of the Times story was to guilt lenders into giving subprime borrowers a second chance. (Read More)--http://news.investors.com/ibd-editorials...e-borrowers.htm

It’s like they want another economic crisis. Never let a manufactured crisis go to waste! The progressives and the media are doing everything in their power to turn the American dream into a nightmare.

http://lonelyconservative.com/2013/05/he...Conservative%29

Thanks for posting. Looks like it's past time to get the fork.

Damn!!!

Why can't we have a color blind society?

Is there something wrong with that?

No need to answer that question, we all know the answer.

Backdoor reparations. The Regime has been full bore in doing them since day one.