points to ponder

[browneyedgirl65]

The whole explanation for the subprime loan thing being the fault of minorities and poor people somehow is properly addressed here: Pre-empting racism in the sub-prime debacle.
Also, covering much of the same ground: The New "Welfare Queens"

Goddamn. For every step forward...

Comments

[anonymous]

Thanks for that, enjoyed the first link (and also the more recent post 'Things Can Be Useful, People Can Be Helpful, Users Are Not (by Anthony McCarthy)'.

Saw a poor family on TV who had one of those loans, and a house... and she said it was fine when they were on the 'teaser rate', but as soon as the rates went up... too much... they were in trouble.