$100B for the Free Shit Army

[308pirate]

Kamala Harris announces $100B plan for black homeownership, tackling racial wealth gap

Sen. Kamala Harris, D-Calif., announced that as president she would invest $100 billion of federal money into housing assistance for black families as part of an effort to close the racial wealth gap in the United States.

www.foxnews.com

Housing bubble, here we go again.

 

[Deleted member 10043]

Didn't they try that in Chicago?

 

[Ravenworks]

I seen that,gotta buy them votes when you can't do it on merit.
We're only starting,wait until everyone starts one upping one another.
If we spent just 5 Billion on the fucking border we could afford to help our own people out.

 

[308pirate]

Dumb bitch forgets what can easily happen with a Republican congress. Even if she were to become President. Which will not happen.

 

[Maggot]

Actually, if Bank of America, Wells Fargo, and Chase, and other participating banks were made to pay for it Id be in favor.

Its a little known fact, carefully swept under the rug that prior to the 2008 housing collapse those 3 and others were intentionally targeting black homeowners with short term low interest rates, that would skyrocket in a couple, years because they knew they were not sophisticated in finance. Black home ownership dropped from about 11-12% of the total in the US. to less than 5%. Not one mother fucker went to jail for it, it just got hidden.

 

[Maggot]

Dumb bitch forgets what can easily happen with a Republican congress. Even if she were to become President. Which will not happen.

Dont count on that. She will get the female and black votes and likely the Muslim, along with most of the standard liberal voters.

To paraphrase Tiny Tim, "God help us every one."

 

[Srikaleak]

Hey, the faster they bankrupt the US Gov, the faster we'll become free.

 

[Maggot]

Hey, the faster they bankrupt the US Gov, the faster we'll become free.

I paid into Social security for a lot of years. If the gubmint goes down I lose and I dont like that.

 

[308pirate]

Dont count on that. She will get the female and black votes and likely the Muslim, along with most of the standard liberal voters.

That's what they said about Hillary Clinton. She couldn't lose, remember?

 

[Srikaleak]

I paid into Social security for a lot of years. If the gubmint goes down I lose and I dont like that.

You'll probably be the last generation of Americans to get something from SS. Take what you can get.

 

[Alphatreedog]

Hey, the faster they bankrupt the US Gov, the faster we'll become free.

Free and fuck8n broke . Under OBozo the buy in legislation was passed . I Don't recall if it was Executive Order or passed both Houses but it sits at the ready to fuck you and me . And I'll bet the pennies they leave me with that the Oligarchy gets a free pass .

 

[Dunraven]

Identity politics ..again. The entire democrat lineup is an exercise in identity politics. That's all that matters to them these days. It's their alternative to critical thought. We tried that black president thing once, and it worked so well. At least half the country is stupid enough to try it again, especially when bribed with enough free stuff. Hell, half the country would vote for Karl Marx if they had the chance.

 

[sako17]

She meant to say, if i were to become president. "I'll need a 100 Billi to mismanage". Thirsty Bitch.

 

[Deleted member 10043]

Jesus, another government sponsored enterprise. Blacks are always going to be sold a bill of goods from the government until they stop segregating themselves from society (Watership Down). They need to abolish everything from the Black Entertainment Network (communist progrom) to things like this so-called Essence's Global Black Economic Forum (communist progrom). Our government enacted The Civil Rights Act of 1964, which further enforced the 13th, 14th and 15th Reconstruction Amendments and has done nothing except encourage self-segregation as profit driven ideology enterprise. This Buck Wheat-Mac enterprise will collapse with further forced inclusion of other ethnic groups due to all of above. This all comes down to historical materialism, which is fundamental to Marxism. A slap in the face for blacks that died fighting against it, which also has been dragged into the profiteers of self-segregation by calling it something else. Self-segregation is big government sponsored blackmail, which ironically by original definition is a tribute of white money with no reference to race. And I'm exposing my Liberal Arts Degree so I will shut up now.

 

[sirhrmechanic]

This approach would be cheaper... Damn, everything in the news this week has been done as satire already!

It's Not A Crack House, It's A Crack Home

I'll bet a day doesn't go by that I don't hear something negative about crack cocaine, and the people who love it. Well, it just so happens that, despite all the mudslinging you may have read in the magazines, there are plenty of decent, hardworking crack lovers, just like in any other "walk of...

www.theonion.com

Cheers,

Sirhr

 

[pmclaine]

Actually, if Bank of America, Wells Fargo, and Chase, and other participating banks were made to pay for it Id be in favor.

Its a little known fact, carefully swept under the rug that prior to the 2008 housing collapse those 3 and others were intentionally targeting black homeowners with short term low interest rates, that would skyrocket in a couple, years because they knew they were not sophisticated in finance. Black home ownership dropped from about 11-12% of the total in the US. to less than 5%. Not one mother fucker went to jail for it, it just got hidden.

Were not fucks like Ted Kennedy also pressuring banks to give loans to high risk prospects?

The banks were fed a shit sandwich and they tried to turn it into caviar.

If govt stays out in the first place the market will work.

That said those three banks are some filthy bastards.

Killing small banks in order to centralize and create easier donations to the political corporations has fucked the consumer.

 

[Maggot]

Were not fucks like Ted Kennedy also pressuring banks to give loans to high risk prospects?

The banks were fed a shit sandwich and they tried to turn it into caviar.

If govt stays out in the first place the market will work.

That said those three banks are some filthy bastards.

Killing small banks in order to centralize and create easier donations to the political corporations has fucked the consumer.

Its not that the blacks were 'high risk', they were doing just fine with the existing mortgage. They were 'targeted' because they probably wouldnt understand the 'fine print. What was done was "We will lower your rate from 9% (or what ever) to 3%, which on the surface looks great, but it wasnt pointed out that it was a 2 year balloon and at the end of 2 years, if not paid would go to 16%.

Kennedy may have been involved but I think his part was more in offering big unaffordable loans to any and every body. It got a buddy of mine. He bought a new house worth $300,000 for about $450,000 and at closing they said "Wouldnt you like an extra $50,000 for nice furniture for your new home and maybe a vacation to Europe. He bit and 2 years later post bust his home was worth $300,000 and he was deep upside down with a payment he couldnt make.

But youre right about the slime factor of the big 3.

 

[Fig]

Actually, if Bank of America, Wells Fargo, and Chase, and other participating banks were made to pay for it Id be in favor.

Its a little known fact, carefully swept under the rug that prior to the 2008 housing collapse those 3 and others were intentionally targeting black homeowners with short term low interest rates, that would skyrocket in a couple, years because they knew they were not sophisticated in finance. Black home ownership dropped from about 11-12% of the total in the US. to less than 5%. Not one mother fucker went to jail for it, it just got hidden.

That’s not entirely true. Interest rates have stayed incredibly, historically low since the crash. Adjustable rates are not what decimated minority home ownership. The rates never went up.
What did it was FHA relaxing their standards down to zero. They could NEVER pay for the loans they were getting either because they don’t possess the discipline to even have a credit card, or they qualified for a loan they couldn’t possibly afford.
Yes the banks used uncle stupid to make billions and screwed over poor people, but those people had a hand in their own destruction, and it wasn’t as tricky as ARM. Conversions. It was more straightforward and the Democrats should own it, because it was their doing with Barney Frank leading the charge to loan money to the people we know are the most irresponsible with money.

 

[Deleted member 10043]

Its not that the blacks were 'high risk', they were doing just fine with the existing mortgage. They were 'targeted' because they probably wouldnt understand the 'fine print. What was done was "We will lower your rate from 9% (or what ever) to 3%, which on the surface looks great, but it wasnt pointed out that it was a 2 year balloon and at the end of 2 years, if not paid would go to 16%.

Kennedy may have been involved but I think his part was more in offering big unaffordable loans to any and every body. It got a buddy of mine. He bought a new house worth $300,000 for about $450,000 and at closing they said "Wouldnt you like an extra $50,000 for nice furniture for your new home and maybe a vacation to Europe. He bit and 2 years later post bust his home was worth $300,000 and he was deep upside down with a payment he couldnt make.

But youre right about the slime factor of the big 3.

According to this your buddy was black because he couldn't read the fine print. Not that there is anything wrong with that.

 

[Deleted member 10043]

This approach would be cheaper... Damn, everything in the news this week has been done as satire already!

It's Not A Crack House, It's A Crack Home

I'll bet a day doesn't go by that I don't hear something negative about crack cocaine, and the people who love it. Well, it just so happens that, despite all the mudslinging you may have read in the magazines, there are plenty of decent, hardworking crack lovers, just like in any other "walk of...

www.theonion.com

Cheers,

Sirhr

Love The Onion.

Congress Reaches Compromise To Admit District Of Columbia Into Union As Slave State

WASHINGTON—Calling the measure “a solution that satisfies both the Democrats’ desire for representation and the and Republicans’ job-creation strategy,” Congress announced Wednesday they had reached a bipartisan compromise and will admit the District of Columbia into the Union as a slave state...

politics.theonion.com

 

[Maggot]

According to this your buddy was black because he couldn't read the fine print. Not that there is anything wrong with that.

Then why did you bring it up, a form of subtle racial slander? You seem to have a OC fascination with me...forget it youre not my type.

FWIW, he was white and just greedy.

 

[Rthur]

If only...
Last talley I read was closer to 15 trillion...

War on poverty - Wikipedia

en.wikipedia.org

R

 

[Alabusa]

How many votes can $100B buy??

 

[Maggot]

How many votes can $100B buy??

1-2-Many

 

[Strykervet]

I paid into Social security for a lot of years. If the gubmint goes down I lose and I dont like that.

Oh, stop the checks and all contracts are null and void. Quickest way to set this shit in motion and get the guns out is to stop the checks. Dumbest way to do it would be to tell us, then stay in the US and keep pretending they're a relevant form of government, you know, "representing" us.

Democreeps have been using our money to pander for votes for far too goddamn long. They make an election sound like free shit will just fall out of the sky on everyone of dark skin and we know the rich and greedy and the goddamn banks and corporations ain't paying for it...

Meanwhile they introduce ban after ban after ban, anything to disarm us before their show comes to an end.

 

[Maggot]

free shit will just fall out of the sky on everyone of dark skin

You mean it doesnt?

 

[Renegade]

How many votes can $100B buy??

Not many, since every vote she is trying to buy she already has.

 

[uffduh]

FWIW, he was white and just greedy.

Sounds like a case of fiscal irresponsibility to me in the case of the individual who took the loan. He spent unrealized capital gains on a trip to Europe, furniture or whatever when thinking his house was worth more than the loan was given for and then it proved to not be the correct assumption. If he considered his house an investment then he should have remembered that investments can lose money.

 

[Maggot]

Sounds like a case of fiscal irresponsibility to me in the case of the individual who took the loan. He spent unrealized capital gains on a trip to Europe, furniture or whatever when thinking his house was worth more than the loan was given for and then it proved to not be the correct assumption. If he considered his house an investment then he should have remembered that investments can lose money.

X actly.

 

[davsco]

when is enough, enough? how about people go to nice colleges, have nice cars, and have nice homes, because they work hard to pay for them. and those that don't work as smart and as hard have less nice stuff. what does your skin color, ethnic background, gender or sexual pref have to do with any of this.

 

[vh20]

That’s not entirely true. Interest rates have stayed incredibly, historically low since the crash. Adjustable rates are not what decimated minority home ownership. The rates never went up.
What did it was FHA relaxing their standards down to zero. They could NEVER pay for the loans they were getting either because they don’t possess the discipline to even have a credit card, or they qualified for a loan they couldn’t possibly afford.
Yes the banks used uncle stupid to make billions and screwed over poor people, but those people had a hand in their own destruction, and it wasn’t as tricky as ARM. Conversions. It was more straightforward and the Democrats should own it, because it was their doing with Barney Frank leading the charge to loan money to the people we know are the most irresponsible with money.

This is a much more truthful representation, and especially the last sentence concerning Frank.

 

[gopherslayer]

Hey, someone remembers Barney Frank. Those shit birds are the ones that caused the collapse and blamed it on Bush even though Bush wanted to put the brakes on the train so the wreck wouldn’t happen. Who would have thought you couldn’t afford a house on unemployment and the “potential” to make more money. Subprime at its best.

 

[vh20]

^ Exactly. And he went on TV at every opportunity and blamed Bush for what he created when Bush actually was against it.