Comments on: How many CRA loans, how much affirmative action payout? http://blog.jim.com/economics/how-many-cra-loans-how-much-affirmative-action-payout.html Liberty in an unfree world Thu, 09 Feb 2012 00:11:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: hlv2 tits nxl6 http://blog.jim.com/economics/how-many-cra-loans-how-much-affirmative-action-payout.html/comment-page-1#comment-100141 hlv2 tits nxl6 Sun, 03 Jul 2011 02:56:53 +0000 http://blog.jim.com/?p=273#comment-100141 How many cra loans how much affirmative action payout.. Keen :) How many cra loans how much affirmative action payout.. Keen :)

]]> By: blog.jim.com http://blog.jim.com/economics/how-many-cra-loans-how-much-affirmative-action-payout.html/comment-page-1#comment-97854 blog.jim.com Sat, 25 Jun 2011 00:17:50 +0000 http://blog.jim.com/?p=273#comment-97854 How many cra loans how much affirmative action payout.. Ho-o-o-o-t :) How many cra loans how much affirmative action payout.. Ho-o-o-o-t :)

]]> By: Corey http://blog.jim.com/economics/how-many-cra-loans-how-much-affirmative-action-payout.html/comment-page-1#comment-22924 Corey Thu, 09 Sep 2010 00:42:01 +0000 http://blog.jim.com/?p=273#comment-22924 Thanks for the reply Jim! The Dimmycrats will no doubt try to emphasize what some banks told our government about the security of the housing market(whose responsibility is it to secure the public's interest?) but the losses lie where they do. No government involvement in the loan market no crisis. No affirmative action lending no crisis. I would love someone to publish a laundry list of all the members of congress who voted with Clinton in 1999 to affirmative actionize the loan market. By the way I am a Euro american convert to Islam and you are quite right about France I believe. If you have an open ended welfare state with guaranteed no matter what unemplyment compensation then why wash dishes for only 20 euros more than you would get doing nothing at all? Thanks for the reply Jim! The Dimmycrats will no doubt try to emphasize what some banks told our government about the security of the housing market(whose responsibility is it to secure the public’s interest?) but the losses lie where they do. No government involvement in the loan market no crisis. No affirmative action lending no crisis. I would love someone to publish a laundry list of all the members of congress who voted with Clinton in 1999 to affirmative actionize the loan market. By the way I am a Euro american convert to Islam and you are quite right about France I believe. If you have an open ended welfare state with guaranteed no matter what unemplyment compensation then why wash dishes for only 20 euros more than you would get doing nothing at all?

]]> By: jim http://blog.jim.com/economics/how-many-cra-loans-how-much-affirmative-action-payout.html/comment-page-1#comment-21522 jim Mon, 30 Aug 2010 05:03:03 +0000 http://blog.jim.com/?p=273#comment-21522 It is apparent that the vast majority of the loans that went poof are affirmative action loans: We cannot get a breakdown of defaults by race, but we can get a breakdown by suburb, and looking at suburbs where I know the racial ratios, the number of defaults is proportional to the number of non asian minorities in that suburb. The whole world is pretty screwed. The country that is most soundly run economically is Singapore, but it is no libertarian paradise. The US will probably be one of the last of the social democracies to fall. Just as the US keeps the race breakdown of the defaults secret, France keeps the number of young males that are Muslim secret. Singapore, Estonia, and Switzerland are fairly well run. It is apparent that the vast majority of the loans that went poof are affirmative action loans: We cannot get a breakdown of defaults by race, but we can get a breakdown by suburb, and looking at suburbs where I know the racial ratios, the number of defaults is proportional to the number of non asian minorities in that suburb.

The whole world is pretty screwed. The country that is most soundly run economically is Singapore, but it is no libertarian paradise. The US will probably be one of the last of the social democracies to fall. Just as the US keeps the race breakdown of the defaults secret, France keeps the number of young males that are Muslim secret.

Singapore, Estonia, and Switzerland are fairly well run.

]]> By: Corey http://blog.jim.com/economics/how-many-cra-loans-how-much-affirmative-action-payout.html/comment-page-1#comment-21455 Corey Sun, 29 Aug 2010 12:31:31 +0000 http://blog.jim.com/?p=273#comment-21455 It is the case that according to traditional, orthodox economics government should not guarantee mortgages, people should not use their homes as investments and, large property owners should not dictate political decisions.(Economics in one lesson by Henry Hazlitt. see Chp. 6 sec. 2 in particular. Also Adam Smith.) All three of these principles/beliefs were violated by our government wholly or near wholly. The government then bought the mortgages from banks to encourage them to make them, set no cap for national liability of any kind and affirmative actionized a very great part of the home loan mortgage market. The affirmative actionizing was in response (Clinton's 1999 executive order to Fannie Mae was the supposed resolution I take it)to the kind of litigation President Obama , who sat on ACORN's board, directed at Citibank when he sued them. His administration is now breathing down the back of the nation's banking community to get them to make even more loans during this financial/debt crisis. The only real disagreement between the two political parties in Washington about all this was the part about the affirmative actionizing of the loans in which case the Democrats were on the side of affirmative action. President Bush and Mc Cain spoke out against this and were basically told to shut up by the Dimmycrats. We then go and elect President the fella who sued the banks on behalf of ACORN. Do I have this right? Also about what portion of the 50 percent of GDP that went up in smoke and was added to the national debt was made up of these affirmative action loans? Could you recommend a country to immigrate to when all this comes to bear its evil fruit as well? It is the case that according to traditional, orthodox economics government should not guarantee mortgages, people should not use their homes as investments and, large property owners should not dictate political decisions.(Economics in one lesson by Henry Hazlitt. see Chp. 6 sec. 2 in particular. Also Adam Smith.) All three of these principles/beliefs were violated by our government wholly or near wholly. The government then bought the mortgages from banks to encourage them to make them, set no cap for national liability of any kind and affirmative actionized a very great part of the home loan mortgage market. The affirmative actionizing was in response (Clinton’s 1999 executive order to Fannie Mae was the supposed resolution I take it)to the kind of litigation President Obama , who sat on ACORN’s board, directed at Citibank when he sued them. His administration is now breathing down the back of the nation’s banking community to get them to make even more loans during this financial/debt crisis. The only real disagreement between the two political parties in Washington about all this was the part about the affirmative actionizing of the loans in which case the Democrats were on the side of affirmative action. President Bush and Mc Cain spoke out against this and were basically told to shut up by the Dimmycrats. We then go and elect President the fella who sued the banks on behalf of ACORN. Do I have this right? Also about what portion of the 50 percent of GDP that went up in smoke and was added to the national debt was made up of these affirmative action loans? Could you recommend a country to immigrate to when all this comes to bear its evil fruit as well?

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