Category Archives: Business

Here We Go Again

I’ve had people tell me in comments here, “no, no, no, the housing crisis had nothing to do with the government pressuring banks to make dodgy loans.” But they’re still doing it:

Assistant Attorney General for Civil Rights Thomas Perez has argued that bankers who don’t make as many loans to blacks as whites (because they make lending decisions based on traditional lending criteria like credit scores, which tend to be higher among white applicants than black applicants) are engaged in a “form of discrimination and bigotry” as serious as “cross-burning.” Perez has compared bankers to “Klansmen,” and extracted settlements from banks “setting aside prime-rate mortgages for low-income blacks and Hispanics with blemished credit,” treating welfare “as valid income in mortgage applications” and providing “favorable interest rates and down-payment assistance for minority borrowers with weak credit,” notes Investors Business Daily.

This is what happens when every single high-level appointment to the Justice Department is a leftist.