Question you have to ask yourself, @mtaibbi, is: Why, out of all the financial instruments in the world, what actually set off The Crash was bad mortgage lending in heavily Hispanic "Sand States (CA, NV, AZ, FL)?
A. GWB's 2002 WH Conference on Increasing Minority Homeownership.https://twitter.com/mtaibbi/status/1040742820385050624 …
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This is not to say that a Crash wouldn't have eventually happened without Bush/Mozilo/Cisneros undermining traditional mortgage credit standards in name of racial equality, just as WWI might not have needed Archduke's assassination. But, why ignore the actual chain of events?
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Replying to @Steve_Sailer
I wonder if we’re looking for political & cultural faults when the culprit is plain greed. Just as Bushes & company orchestrated & profited from the S&L crash, was the mortgage crash another transfer of wealth to them?
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The Bush Dynasty expected to profit politically by bribing Hispanics with easy mortgages to vote Republican. Jeb Bush speaks Spanish at home and his son George P. Bush, GHW Bush's "little brown one," was penciled in for the White House in the 2030s. Elect a new electorate!
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