In what could be a repeat of the easy-lending cycle that led to the housing crisis, the Justice Department has asked several banks to relax their mortgage underwriting standards and approve loans for minorities with poor credit as part of a new crackdown on alleged discrimination, according to court documents reviewed by IBD.That's right. Eric Holder wants banks to make loans to minorities who don't have income and won't be able to pay their mortgages. Does this sound familiar? You bet it does. The biggest cause of the current recession was the housing bubble. It seems that the gummint forced banks to lend money to people who couldn't pay it back and when those loans went toxic, the banks started collapsing. That led to the recession that we're trying to crawl out of, and Eric Holder wants banks to make loans to people who can't pay them back.
Settlements include setting aside prime-rate mortgages for low-income blacks and Hispanics with blemished credit and even counting "public assistance" as valid income in mortgage applications.Blacks and Hispanics? That's racist! Is Eric Holder a racist? Damned right he is, everything he does is about race. Remember the dudes threatening people at the polling places? Eric Holder dropped that case. Black folks depriving white folks of their civil rights isn't a problem for Eric Holder. He's a racist and a socialist, and his boss appointed him to the office of Attorney General. That's a fact.