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Steve_Sailer's profile
Steve Sailer
Steve Sailer
Steve Sailer
@Steve_Sailer

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Steve Sailer

@Steve_Sailer

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unz.com/isteve
Joined October 2010

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    Steve Sailer‏ @Steve_Sailer Sep 14

    Steve Sailer Retweeted Yegg

    Right, Diversity is so sacred in 2018 that liberals can't allow themselves to admit or even grasp that Republicans like Bush and Mozilo exploited Diversity rhetoric to deregulate mortgage lending, which led to the Housing Bubble and Bush, which led to eventual 2008 crash.https://twitter.com/DrDeplorable23/status/1040809169429962752 …

    Steve Sailer added,

    Yegg @DrDeplorable23
    Replying to @Steve_Sailer @mtaibbi
    Is Taibbi still not recognizing that nothing in his presentation is in contradiction of yours? They fit together. To focus on the reasonable thought that bankers were primarily motivated by greed, does not touch the PC climate they existed in, which was "primed" for exploitation.
    8:49 PM - 14 Sep 2018
    • 62 Retweets
    • 244 Likes
    • DGo Andrew Lee Stacey Hansen ThisUsedToBeMyRealName Janol Charlton Griffin Angie Hall The Ghost 🇮🇪🇩🇪✈️ gab.ai/idprism ❤ 🇺🇸 ✠
    11 replies 62 retweets 244 likes
      1. Austin Newsom‏ @AustinNewsom11 Sep 14
        Replying to @Steve_Sailer

        Contra Taibbi, greed is part of the human condition and, as such, isn't much of an explanation for any particular economic bust. You're right to look for a variable that has changed, instead of trying to pin the blame on a constant.

        0 replies 1 retweet 4 likes
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      1. darkecologist‏ @darkecologist Sep 14
        Replying to @Steve_Sailer

        it's almost like you can use diversity to cover for your cynical cash grabs. signed, Nike corporate.

        0 replies 1 retweet 3 likes
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      1. 𝐌𝐨𝐧𝐬𝐢𝐞𝐮𝐫 𝐁𝐨𝐮𝐯𝐚𝐫𝐝‏ @MonsieurBouvard Sep 14
        Replying to @Steve_Sailer

        Sokrates teaches that the stern oligarchs, attached to wealth & property, eventually corrupt their regime by offering & extending credit to the next generation, to increase their accumulations. They indulge & ruin the subsequent generations who live for desires, vices, & vanity.

        0 replies 0 retweets 2 likes
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      1. DGo‏ @Go321D Sep 16
        Replying to @Steve_Sailer

        I think you mean "Housing Bubble and Bust." You wrote "Housing Bubble and Bush," which appears to be a typo.

        0 replies 0 retweets 1 like
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      1. MobileInfantry‏ @InfantryMobile Sep 16
        Replying to @Steve_Sailer

        I really doubt those of the sainted diversity were all that screwed by the housing crash, it was a nice chipboard dream with cash outs and big screen TVs and then one day it was foreclosed upon with no real downside.

        0 replies 0 retweets 1 like
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      1. Jeffrey Singer‏ @JeffreySinger19 Sep 15
        Replying to @Steve_Sailer

        But that’s a far cry from a de-regulated mortgage and banking system 🤓

        0 replies 0 retweets 1 like
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      1. Jeffrey Singer‏ @JeffreySinger19 Sep 15
        Replying to @Steve_Sailer

        ...governed by capital requirements. There was a whole eco-system in place that was a far cry from “de-regulation” or no government involvement. Now, in the context of the system we did have in place in the 2000s I agree it was foolish to encourage loans to Hispanics.

        0 replies 0 retweets 1 like
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      1. Jeffrey Singer‏ @JeffreySinger19 Sep 15
        Replying to @Steve_Sailer

        ...however, from a broader perspective the mortgage industry was still heavily regulated and government was involved in all sorts of ways that facilitated the crisis. Fannie and Freddie existed to buy all those MBS - and rating agencies themselves looked at banks...

        0 replies 0 retweets 1 like
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      1. Steve  ❌ (Gen X  🍻 beer aficionado)‏ @s_decatur Sep 15
        Replying to @Steve_Sailer

        Did Bill Kristol write the "Diversity is our Strength" speech for Quayle in 1992?

        0 replies 0 retweets 1 like
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      1. dtman‏ @dtman11 Sep 14
        Replying to @Steve_Sailer

        Bad mortgage lending contributed to the bubble but was not the cause. Wall Street's manipulation of packaging and bundling mortgages repeatedly among many other bags of tricks caused it.

        0 replies 0 retweets 1 like
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      1. Jeffrey Singer‏ @JeffreySinger19 Sep 15
        Replying to @Steve_Sailer

        Steve - I love your analysis but as someone with more libertarian views of the economy I always chuckle when I read you talk about “deregulation” of the mortgage industry. From a narrow perspective, you are absolutely correct in your account...

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