Nice simplification of the housing market collapse

kegkilla · 09-29-2008, 08:17 PM

subprime works - Google Docs

i'm sure it's probably a bit over simplified, but it's good if you're like me and haven't really bothered to pay much attention to the market until now that the shit has hit the fan.

Horse · 10-03-2008, 12:55 AM

The part that's omitted is that the alleged source of the stinky loans aren't people who suddenly decided they should live well beyond their means,

that would be too simple.

Apparently various minority groups that Obama supported caused this entire crisis! Those laws about how minorities should be given equal shot at loans are being spun into diatribes about how ACORN and such "forced" banks to accept the subprime loans.

So getting to the bottom of things, it's either

1. landshark lending groups preying on people they know they can profit from, behaving because their lobby is probably the most powerful lobby and who gives a fuck anyway because they draw multimillion dollar checks while dicking around with tax money...

or

2. blacks

Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm....

Knucklehead · 10-06-2008, 09:14 AM

That would be a pretty neat trick. Blaming a worldwide meltdown of the credit markets on a minority population.

Wait... that's been done before?

09-29-2008, 08:17 PM	#1 (permalink)
kegkilla NEVER FORGET 10/12/09 Join Date: Jul 2005 Location: killadelphia Posts: 2,516 -205 Internets	Nice simplification of the housing market collapse subprime works - Google Docs i'm sure it's probably a bit over simplified, but it's good if you're like me and haven't really bothered to pay much attention to the market until now that the shit has hit the fan.

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10-03-2008, 12:55 AM	#2 (permalink)
Horse Registered User Join Date: Mar 2007 Posts: 1,967 -51 Internets	The part that's omitted is that the alleged source of the stinky loans aren't people who suddenly decided they should live well beyond their means, that would be too simple. Apparently various minority groups that Obama supported caused this entire crisis! Those laws about how minorities should be given equal shot at loans are being spun into diatribes about how ACORN and such "forced" banks to accept the subprime loans. So getting to the bottom of things, it's either 1. landshark lending groups preying on people they know they can profit from, behaving because their lobby is probably the most powerful lobby and who gives a fuck anyway because they draw multimillion dollar checks while dicking around with tax money... or 2. blacks Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm....

10-06-2008, 09:14 AM	#3 (permalink)
Knucklehead Registered Loser Join Date: Sep 2007 Location: ATX Posts: 608 +25 Internets	That would be a pretty neat trick. Blaming a worldwide meltdown of the credit markets on a minority population. Wait... that's been done before?