Liberals Forced Kind, Loving Bankers to Give Loans to Niggers and Beaners

Evil, scummy Big Government Liberals forced kind, loving, sweet, puppy-cuddling ultra-rich White bankers to loan out their hard-earned White cash to deadbeat idiot niggers and beaners, knowing full well that the loans would never come back, all in an insane Commie effort to help the undeserving genetically inferior minorities buy homes that they could never afford.
So the lie goes.
This is another of the big fat lies that the racists like Sailer, the Republicans and the White Nationalists are pushing.
Now, once again, if it was true, that would be one thing. Hey, the government does all sorts of stupid stuff, including liberals in government. I blast liberals on here all the time. But this time the  charge is just flat out wrong.
It’s a great big fat WN and Republican lie that affirmative action government folks demanded that minorities be given homes they did not deserve. It never happened. There is a government program that banks can enroll in that is designed to reduce the discrimination that minorities face in housing.
The banks in this program have a much lower foreclosure rate than the banks that were not enrolled in this program.
No one can force a bank to give a loan to someone who does not deserve it, and the government has never done this.
The banksters gave out these loans not because they are sweet, kind and lovable and the evil liberal government forced them to, but because they could give out loans, make a bundle off each one, and not give a damn if the loan was going to go bad or not. That’s why this whole mess occurred.
Moral risk was eliminated in those who loan money for homes.
It didn’t matter to them whether the loans went bad or not, and they made a ton of money off each loan, so they deliberately gave out bad loans to lots of people who could not afford to buy a home, further with the use of fraudulent and loan-sharking balloon payments that for all intents and purposes made the loans unpayable to many buyers.
It is true that liberals, including Democratic Party liberals, specifically multibillionaire real estate mogul Penny Pritzger of Chicago, the woman who more than anyone else made Barack Obama the politician and groomed him for power, were deeply involved in the very creation of these maddening subprime vehicles which should never have been marketed in the first place, but that is another matter altogether.
Pritzger may have played a larger role than anyone else in devising the mad, fraudulent formulas that bury the subprime balloon payments in the principal itself and make it nearly impossible to figure out without a Degree in Finance.
Other Democratic Party fat cats like Robert Rubin of Citigroup, his protege Lawrence Summers, both Cabinet officers under Clinton, and the catastrophic Timothy Geithner under Obama, are up to their necks in this catastrophe. Not that the Republicans ever raised a little finger in opposition. It’s probably true that Clinton did more to create this mess than Bush by deregulating the banks. Bush just clapped and cheered after the fact and took advantage of the Clintonian deregulation.
Especially important here was the horrible destruction of Roosevelt’s Glass-Segall Act. However, Republican Phil Gramm (and his Korean wife Wendy Gramm) is the point man here for financial deregulation here, having played the starring role for three decades.
Anti-Semites may wish to ponder that Rubin, Summers and Pritzger (photo here) are all Jewish. I don’t believe in the Evil Jewish Bankers Blew Up the Economy bit, but the Tribe is definitely not innocent in this matter. In particular, the bankster Jews around Clinton more or less deregulated the banking sector all by themselves, with the help of the Gentile Gramms and to the cheers of the Wall Street Gentiles.
Further, the programs that attempt to address the still significant discrimination in selling homes to minorities, especially Blacks, date all the way back to the 1970’s. These laws have never created any economic problems or excessive foreclosure rates. The laws stipulate that the minorities still must be credit worthy and able to pay off their loans.
The explosion in foreclosures, some of which do involve minorities it is true, began quite recently, just a few short years ago. In order for this nutty theory to work, the 1970’s laws have to work as some sort of weird time bomb and have effects for 30 years before they suddenly destroy the economy. Yeah right.
It’s shameful that this racist swill is still being peddled, but I guess racists will believe just about anything about the people they hate.

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7 thoughts on “Liberals Forced Kind, Loving Bankers to Give Loans to Niggers and Beaners”

  1. Is Geithner Jewish? He looks Jewish from his pic, but Wikipedia suggests he is a gentile German-American, and Google searches seem to indicate that a lot of people are wondering the same thing. Possibly a crypto-Jew?
    Anyway, it’s unfortunate to see someone generally intelligent and willing to criticize Jews like Steve Sailer sinking to the level of nigger, beaner, and raghead-hating (but unwilling to criticize Jews) gutter racists. AmRen has gone that same route. Seems to be the inevitable result when you refuse to discuss the Jewish root of many of America’s problems.

  2. Forget it, man. I removed the Geithner link. He’s a German, and anyway, Timothy is most certainly not a Jewish name (think about it). His dad is named Franz. He’s a German. He was raised Protestant but has pretty much abandoned religion. His father wrote an email to a blog author who raised the question.
    I agree with you. It’s disgusting that Sailer and Amren are down in the dirt rolling around bashing the “beaners, niggers and ragheads.” Cheap shots and easy targets. I don’t like it. Plus for a lot of those targets, I feel it’s hitting a man while he’s down. At least for Blacks, I don’t think they can help a lot of their behavior that much. I know Blacks hate it, but I sort of feel sorry for them.
    Criticism of Jews is ok as long as you are not threatening to kill them. Knocking Jews isn’t hitting a man while he’s down. Jews are sitting pretty and they are big enough to take it. Plus I reject the genetic model of Jewish behavior. I feel that Jews are capable of changing a lot of the behaviors that anti-Semites complain about.
    I suppose you’re right. If you go race realist and Judeophile, I guess you end mud wrestling with the “niggers, beaners and ragheads” stuff by default.
    Classy.

  3. Geithner is at least partially Jewish, which is Jewish enough. He married in to the Jewish Sonnenfeld family, so even though he may only be partially Jewish his children are all Jewish.

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