Racism caused the Housing crisis

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Princeton Study Unintentionally Links Barack Obama to Current Financial Meltdown
Posted by Jim Hoft on Monday, October 4, 2010, 5:53 AM

In 1994 Barack Obama represented Calvin Roberson and ACORN in a lawsuit against Citibank, charging the bank systematically denied mortgages to African-American applicants. Obama worked against banks who denied mortgage loans to minorities.



The case against Citibank was settled out of court. This lawsuit was one of a series of lawsuits that were filed by ACORN using “redlining and racism” allegations to lower credit standards.

In 2007 Barack Obama actually said that, “Giving sub-prime loans to people who can’t afford them is a good idea.”

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Of course, giving sub-prime loans to people who can’t afford them caused the current economic crisis.

Which brings us to today…
Even the state-run media is now reporting that lending to racially segregated minority neighborhoods led to the current financial crisis… Except the state-run media wants you to believe that it was predatory and racist lending practices that were the cause of the problem.
Reuters reported this:.

The article was a bit off. It wasn’t racism that caused the banks to loan to minorities. And, it wasn’t George Bush. It was liberal policy.

Regardless, it all leads back to Barack Obama.

What a shock.

 

I would ask but i don't speak arabic..

 

He thinks racism caused the housing crisis too... Like many others, he thinks the housing crisis was a racist tea party conspiracy to make Obama look bad...

 

To anyone with half a brain Obama looked bad before he was elected. Now of course he looks even worse.

 

You mean ask a liberal?

Most real Americans I know would think this poster rather stupid.

 

The Democrat party is dead in the water without the Black vote.. just dead... and they have sued the private sector employers until nobody will hire a Black worker, the risk is huge that Jessie Jackemup will show up one day and extort millions out of any employer with black employees.. so Blacks are stuck with government jobs and welfare for the most part... and that keeps them dependent on the Democrats.. isn't it just beautiful what the Democrats have done for Blacks... so the Democrats HAVE TO PLAY THE RACE CARD EARLY AND OFTEN to keep the black votes and the blacks are dependent on the race card for their welfare and job placement preferences....

 

how about the slacker vote ( recent college graduates who stay around their campus)and rarely work?

 

I just moved very close to a college campus, I'll check it out and report back... oh wait, there was an article in the paper recently about how they are super busy with voter fraud and keeping the power all in the hands of the left...