QUOTE
"Political correctness had already ruined education, sports, science and entertainment. But it took a Democratic president with a Democratic congress for political correctness to wreck the financial industry."
"Instead of looking at 'outdated criteria,' such as the mortgage applicant's credit history and ability to make a down payment, banks were encouraged to consider nontraditional measures of credit-worthiness, such as having a good jump shot or having a missing child named 'Caylee.'"
"Instead of looking at 'outdated criteria,' such as the mortgage applicant's credit history and ability to make a down payment, banks were encouraged to consider nontraditional measures of credit-worthiness, such as having a good jump shot or having a missing child named 'Caylee.'"
E & P
Careful now Ann. Who names a child Trig? Daxx? What in the world does she mean PC ruined science? 'Minority' scientists I know are brilliant and usually have to work harder to prove they deserve the fruits of their labor. What you fail to mention Ann is how Rick Davis created The Homeowner's Alliance to TARGET minorities for subprime loans on purpose. They targeted elderly people on fixed incomes. Remember Bush's Ownership Society ?
QUOTE
In June 2002, President Bush issued America's Homeownership Challenge to the real estate and mortgage finance industries to encourage them to join the effort to close the gap that exists between the homeownership rates of minorities and non-minorities. The President also announced the goal of increasing the number of minority homeowners by at least 5.5 million families before the end of the decade.
