tagged w/ Race-Baiting
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It is the first time the actual investment bank is being sued, rather than the subprime lender. This lawsuit exposes the fact that Wall Street bankers deliberately had their subprime lenders prey on communities of color, which were especially vulnerable to poverty or economic difficulties. The subprime lenders’ businesses were specifically built to meet the demands of Wall Street for high risk loans, which spelled disaster for communities of color, which were the hardest hit by the housing market crisis of 2008. The communities were targeted for their likelihood of vulnerability.
http://veracitystew.com/?p=45143It is the first time the actual investment bank is being sued, rather than the... more
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There is nothing new or shocking about the video Sean Hannity and Tucker Carlson are touting (while foaming at the mouth) as “exclusive.” Carlson’s The Daily Caller, a paper run by and for the delusional teabagger sect of our society, seems to be more desperate than ever to paint the current president as some kind of angry black man, rather than the mild mannered, level headed Commander-in-Chief we know him as. The thing is, though, in trying to use the 2007 video, Carlson and Hannity have finally confirmed the racists we have long believed them to be.
http://veracitystew.com/?p=43436There is nothing new or shocking about the video Sean Hannity and Tucker Carlson are... more
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FRESH STEW! --
Chris Matthews bitch-slapped RNC Chairman Reince Priebus during a live segment this morning on MSNBC’s “Morning Joe.” The segment began as a jovial and lackluster discussion on issues facing the GOP in selling Mitt Romney to voters when Matthews accused Republicans of playing the “race card” and suggesting that Romney’s birther “joke” on Friday was an attempt to appeal to the extremist fringe of the conservative party. The heated exchange left veteran newsman Tom Brokaw twitching nervously in his chair.
http://veracitystew.com/?p=41615FRESH STEW! --
Chris Matthews bitch-slapped RNC Chairman Reince Priebus during a... more
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So while the news media, and most specifically George Will, remains baffled about the cost-benefit of Romney’s continued association with Birther Trump, the answer lies in Mitt Romney’s overall strategy to advance beyond the fringe birther vote. Romney now plays on an age-old and festering sore that has plagued America for centuries. It is the reason why he continues to fundraise with Trump; the reason why he still refuses to renounce his Arizona campaign chair. It is the reason for the carefully coded language of his correspondence.
http://veracitystew.com/?p=36587So while the news media, and most specifically George Will, remains baffled about the... more
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Where Did All The White Babies Go? -- For the first time in American history, the birth of white children fell beneath 50%. That’s right. White births comprised of 49.6 % of all childbirths making honkey the new minority.
Somewhere a Teabagger is screaming: "We’re all gonna f**king die!"
http://veracitystew.com/?p=35659Where Did All The White Babies Go? -- For the first time in American history, the... more
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I think the truth needs to be understood, and spread, and spread, and spread...
The offensive new vogue in cable TV talking points goes something like this: Wall Street is melting down because the government forced banks to make loans to poor people -- especially poor minorities.
They claim that the entire weight of the global financial collapse rests on the shoulders of unqualified poor, minority borrowers who got loans as a form of economic affirmative action. The evil institutions in this talking-points scenario are Fannie Mae and Freddie Mac, the formerly quasi-governmental creatures of secondary home-mortgage lending.
For several days, I had been hearing a diluted version of these talking points around the edges of various cable news shout-fests. It wasn't until Larry Kudlow, cable host, former Reagan administration official and former Bear Stearns principal, appeared on "Morning Joe" on MSNBC that I was smacked into full alertness. My jaw dropped as he began talking about the subprime mortgage crisis.
"Not everybody can own a home. Some people have to rent, that's just the way it is," he said. Kudlow rattled off his theory that Congress forced banks to make low-income loans with no documentation of a borrower's ability to repay. Countrywide Financial, the notorious subprime lender, was forced to make loans to neighborhoods that banks once "redlined." Wracked with liberal guilt, lenders folded under government coercion to make bad loans, he claimed.
The co-hosts rejected this nonsense and escorted Kudlow from the set, not completely in jest. As Kudlow was escorted off, Joe Scarborough could be heard saying incredulously, "Watch the Kudlow show, where you will probably hear that poor people are responsible for the assassination of President Kennedy."
If only it were just a joke. In reality, these cable talking points have now morphed into an orchestrated Internet campaign of "homemade" videos with shades of Willie Horton. The fake story line reintroduces the trope of the irresponsible welfare queen who was given a house but who was so stupid and ungrateful as to lose it all in an entrepreneurial misadventure. The argument then descends into standard racial farce.
Usually, the videos feature white males glaring into the camera while their eyes dart back and forth to a script off-camera. This band of outraged Joe Six-Packs gives the example of a beneficiary of an "Extreme Makeover" new home who used the home as collateral for a loan to fund a small business that failed. The house went into foreclosure and was sold at auction. This is a sad story that has absolutely nothing to do with the subprime loan crisis.
Another Mr. Six-Pack shouts that the entire financial crisis was caused by a Congress "hell-bent on affirmative action, using mob-style extortion tactics to threaten" banks into making bad loans to "predatory borrowers" without documentation.
No need to dance around it: The story line is a complete lie. (more below)
I think the truth needs to be understood, and spread, and spread, and spread...
The... more
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