Quote:
Originally Posted by JoeRedskin
I have seen the same thing said but more from an allegation that predatory lenders/mortgage brokers were taking advantage of "unsophisticated" purchasers. Not sure if that is the same thing you are referring to. Undoubtedly, many of these unscrupulous brokers made promises of easy money to people who wanted to believe in "pie-in-the-sky" investmets and targeted low-income individuals. Plenty of fault to go around on that scenario.
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agree, predatory lending was a huge part of the problem.
unfortunately i've been around people who claim not to be racist but then always seem to find a way to blame every issue/problem on minorities. in polite language of course.