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SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
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<blockquote data-quote="Tom Schindler" data-source="post: 963053" data-attributes="member: 56140"><p>Hugh,</p><p></p><p></p><p></p><p>You are seeing this simply as you want to see it and not as it is being shown.</p><p></p><p></p><p></p><p>You pretty much added the information to sping it to the direction that you want it to be and are not basing this off of any facts or even slivers of facts.</p><p></p><p></p><p></p><p>Banks do NOT have the right to pick and choose where they do business. Fair lending is the law. Banks are NOT allowed to discriminate by color, religon, etc. etc. etc. This can also include black balling neighborhoods because the majority of its citizens are of the non-caucasion persuation.</p><p></p><p></p><p></p><p>You see this as simply that black neighborhoods is where sub-prime loans originate and if we get the branches out of the ghetto's, the sub-prime loans will just go away.</p><p></p><p></p><p></p><p>It doesn't work that way. Just because the Obama administration is looking for equal opportunity for banking does not mean he wants to give his fellow "ni66as" free loans so dey can live on da hill.</p><p></p><p></p><p></p><p>If you are a financial institution, you are bound by the laws enacted by the orginazation that backs the money you sell.</p><p></p><p></p><p></p><p>Don't like it or think it is fair? Sell something other than money.</p><p></p><p></p><p></p><p></p><p></p><p>Tom</p></blockquote><p></p>
[QUOTE="Tom Schindler, post: 963053, member: 56140"] Hugh, You are seeing this simply as you want to see it and not as it is being shown. You pretty much added the information to sping it to the direction that you want it to be and are not basing this off of any facts or even slivers of facts. Banks do NOT have the right to pick and choose where they do business. Fair lending is the law. Banks are NOT allowed to discriminate by color, religon, etc. etc. etc. This can also include black balling neighborhoods because the majority of its citizens are of the non-caucasion persuation. You see this as simply that black neighborhoods is where sub-prime loans originate and if we get the branches out of the ghetto's, the sub-prime loans will just go away. It doesn't work that way. Just because the Obama administration is looking for equal opportunity for banking does not mean he wants to give his fellow "ni66as" free loans so dey can live on da hill. If you are a financial institution, you are bound by the laws enacted by the orginazation that backs the money you sell. Don't like it or think it is fair? Sell something other than money. Tom [/QUOTE]
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SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
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