Are we seeing a pattern here? It certainly proves the point that “it can happen here.” Change the minority and we have a front row seat to the death of the Weimar and the rise of ersatz 1000-year Reich.
Fri, Sep 19, 2008 6:28pm ET
Cavuto suggests Congress should have warned that “[l]oaning to minorities and risky folks is a disaster”
Summary: On September 18, Fox News’ Neil Cavuto conflated giving home mortgages to minorities with risky lending practices, suggesting that there should have been “a clarion call that said, ‘Fannie and Freddie are a disaster. Loaning to minorities and risky folks is a disaster.’ ”
Friday Sept. 26, 2008 09:28 EDT
National Review’s Mark Krikorian notes that (1) Washington Mutual became the largest bank to fail in American history yesterday and (2) its last press release touted the fact that it was named one of America’s most diverse employers, having been “honored specifically for its efforts to recruit Hispanic employees, reach out to Hispanic consumers and support Hispanic communities and organizations”; for being “named [one of] the top 60 companies for Hispanics”; for “attaining equal rights for GLBT employees and consumers”; for having “earned points for competitive diversity policies and programs, including the recently established Latino, African American and GLBT employee network groups”; and for being “named one of 25 Noteworthy Companies by Diversity Inc magazine and one of the Top 50 Corporations for Supplier Diversity by Hispanic Enterprise magazine.”
Bachmann Blames President Clinton, ‘Blacks,’ And ‘Other Minorities’ For Current Financial Crisis
Yesterday in a Senate hearing on the financial crisis, Rep. Michele Bachmann (R-MN) spoke on what caused the situation. To make her point, she read from an article called “How A Clinton-Era Rule Rewrite Made Subprime Crisis Inevitable,” written by Terry Jones in the right-wing publication Investor’s Business Daily.
The article criticizes the Community Reinvestment Act (CRA) for pushing “Fannie and Freddie to aggressively lend to minority communities.” Jones goes on to say that Clinton was misguided to push “homeownership as a way to open the door for blacks and other minorities to enter the middle class.”
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