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Home Mortgage Affirmative Action

Brian1773 Wrote: Jul 11, 2010 10:27 AM

I feel bad that my children will have to grow up in the new world, where we will no longer be a nation of laws. Our laws make people unite to make this country one, but the new multi-culturism practices only divide. The muslim and spanish immigrants of today sure don't look like they want to be any part of the big melting pot.

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Home Mortgage Affirmative Action

Supporters call it “financial services reform.” Yet the Restoring American Financial Stability Act of 2010 is far less about reform or stability than about central control over the ground rules of residential mortgage lending – and with a strong dose of racial entitlement. Its principal legacy may be an even worse rerun of the financial collapse of 2008.

By a 237-192 margin, the House of Representatives on June 30 passed the 2,300-plus-page conference bill which is designed to protect households from predatory practices by banks, subprime lenders, brokerages and other financial intermediaries. Yet in practice the measure is likely to invite...

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