The banks were pressured by the feds to make those sub-prime loans.
You just admitted that minorities got the most and worst loans. My exact point.https://twitter.com/irish4ever4/status/1169824605818589184 …
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Sold them to pensions often 3 4 or 5 times the same paper over and over
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The bids for the loan packages did not include the race of the bidder, only the amount of the bid.
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It was government policy (Obama admin) that literally forced the banks to let their lending standards slip specifically with these "minority groups"... The "greater good" this time being "more equitable" home ownership...
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No Steph, minorities got the best loans. The banks were forced to make their worse decisions when minorities applied. The minority borrower got free use of money for years to live in a house they couldn't afford otherwise. They were given a gift.
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