SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Valuepro who wrote (61746)10/19/2008 12:13:19 AM
From: E. Charters2 Recommendations  Respond to of 78411
 
What if it turned out that the sub primte was was 60% blacks and hispanics - and that group were predominantly who reneged on all those loans when the interest rates went up? Sounds like the "neighbourbood" concept low rent loans could have been made to "that one" ethnics.. who were kept out of the loop for traditional socio economic reasons which always got interpreted as profiling rejections.. so the real story was the admin pushed to get these loans approved to reduce the "project" cost and do some social engineering.. what if? And so guess what? The new slogan to get out of this mess would be "hire hispano-blacks and pay them enuff to afford the mortgage.. save the economy!"

Ahhh... would that life were so simple!

note: since 1980 in New York State black blue collar workers have earned slightly more than comparable white blue collar workers.. the traditional concept we are sold that all blacks are underemployed and tier two does not always hold water..

EC<:-}