This is how brutal the 2008 financial crash was for blacks and Hispanics:pic.twitter.com/q5TKg7obA2
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The Government made it worse with those policies, but it would have happened anyway as it did in Ireland, Iceland, UK, Spain... New ways to finance loans shifting risk & causing systemic money printing with no one concerned about what happens when the mood changes
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What about the credit score between groups?
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I drove pizza delivery then and was disappointed going to all the new subdivisions, nice new houses, and the door would open and the people did not look like they belonged there. One woman, imagine a hispanic Rosie, but fatter, opened the door and the term Slovenly came to mind.
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I don't care what color your skin is. If you sign one of those wonderful balloon payment loans to get into a house you can't afford & then walk away when the balloon comes due, yeah, you will get foreclosed on. Don't buy what you can't afford under stupid terms.
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Freddie Mac have not learned their lesson. They are ramping up to do this again. They have the same
#AffirmativeAction goals/initiatives/objectives in their Strategic Plan that broke the economy last time.#AffirmativeActionKillsThanks. Twitter will use this to make your timeline better. UndoUndo
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