“Diversity actually is an intriguing topic if we ever allowed ourselves any freedom to think about it.”http://takimag.com/article/the-wisdom-of-dan-quayle/print#ixzz5QreRQz7T …
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Replying to @takimag @Steve_Sailer
One thing I think you missed in an otherwise insightful article: the role of the GSEs, Fannie Mae & Freddie Mac, as backstops to madcap lending.
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Right. Fannie was sidelined in 2004 by accounting scandals but then they agreed to buy Angelo Mozilo's dubious Countrywide mortgages around 12/31/2004, which presumably led to Mozilo's crazy trillion dollar "minority and lower income" lending pledge on 1/13/2005.
9:16 PM - 12 Sep 2018
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