Carter, Reagan, Clinton, the Bushes, Obama, and now Trump deregulated Wall Street and did nothing to help Black and Brown homeowners in America. White collar criminologist Bill Black discusses the social structure of mortgage discrimination. Part 2: The Effects
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Reset button, what's the next scheme- some country
Also I heard a republican tax evasion expert say criminals should not be able to have an identity, the ones with violent back grounds. Yet the ones who've caused thousands to suffer because they've stolen billions should be able to wear nice clothing in jail. Hell no, he's a bit ignorant due to his none minority status. Nor does he know that one in three black men are innocent. Only one is six whites are caught for a crime they committed. Then out of those only half get a sentence of even the minimal. Jocky jerk. Nothing Christian about him and out of touch with reality. One of the Donald puckers.
Ok, first off it begins in small towns yet is international. Minorities have the same job as a non minority and gets paid less but has to pay more. Interest, insurance, taxes, homes, loans, and livelihood. Have a thorough look at the education level of minorities versus none minorities. You'll find that even the more educated minority has a lower position than the less educated majority.
Mr. Black- no economic downturns until Glass Steagall repealed? How about- inflation in the late 70s, early 80s recession; reaganomics huge increase in inequality and military spending; S&L crisis, Wall street greed is good era (continuing until today), Dot.com recession, early 90s recession. The repeal of Glass Steagall was just the death knoll (along with NAFTA, bush tax cuts, and our wars in the middle east)
Good questions, Marc. Mortgages are a complicated business, not like the old days where you went to your banker for a 30 yr fixed. I was a headhunter in financial services for many years then a loan officer for one, quit too dirty for me. Most people are unaware of the secondary market.
Martial Law is almost here …Peace