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Title: Revealing the racial makeup of California's foreclosures (The truth hurts liberals)
Source:
http://www.sfgate.com/cgi-bin/blogs/kalw/detail?entry_id=704
URL Source: http://www.sfgate.com/cgi-bin/blogs/kalw/detail?entry_id=70480
Published: Aug 22, 2010
Author: Hana Baba
Post Date: 2010-08-22 09:29:06 by Nebuchadnezzar
Keywords: None
Views: 38111
Comments: 77
Revealing the racial makeup of California's foreclosures 21 2 KALWNews.org By Hana Baba The Center for Responsible Lending-a non-profit research and public policy group-released a study, this week, focused on the racial makeup of foreclosures in California. It found that Latinos have experienced notably higher foreclosure rates than non-Hispanic borrowers in the state. In what's being called a "first of its kind," the report, entitled Dreams Deferred: Impact and Characteristics of the California Foreclosure Crisis, analyzed more than half a million statewide cases of foreclosures and found that the vast majority-48%-has been on Latinos. Whites totaled 35%, African Americans 8% and Asians 6%. The study also looked at the types of homes foreclosed upon. While it was commonly believed that these homes were the kind of cookie-cutter, so-called "McMansions" built within expensive subdivisions, the study revealed that 75% of foreclosed homes were actually modest properties. This indicates that not all homebuyers bought beyond their means, as has been frequently noted throughout the housing crisis. Of course, a discussion of the housing crisis is never complete without some analysis of the reasons behind the numbers. According to the Center's report, Latino and African American borrowers were more likely to acquire higher-cost subprime mortgages with loan terms that generally increased the risk of default, compared with safer loans made to similarly situated non-Hispanic white borrowers. An in-depth 2009 report on Latino home ownership by the Wall Street Journal found another reason why so many Latinos sought home ownership in the first place. According to the US Census Bureau, between 2000 and 2007, Hispanic homeownership grew 47%. Over that same period, homeownership nationally grew by only 8%. And, according to the Federal Financial Institutions Examination Council, in 2005 alone, mortgages to Hispanics jumped by 29%, with expensive nonprime mortgages soaring 169%. The Journal's investigation found "a push by low-income housing groups, Hispanic lawmakers, a congressional Hispanic housing initiative, mortgage lenders and brokers, who all were pushing to increase homeownership among Latinos." It looks like this push to seek the American dream may have backfired. Some solutions to the problem offered by the Center for Responsible Lending in its latest report include lifting the ban on bankruptcy judges to modify principal residence mortgages, and increasing funding for agencies that offer housing counseling and legal help to borrowers. Read more: http://www.sfgate.com/cgi-bin/blogs/kalw/detail?entry_id=70480#ixzz0xLD9vp00
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#1. To: Nebuchadnezzar (#0)
So, Latinos increase their home ownership by 47% and we're ***GASP*** surprised that in a state with a high Latino population has hi Latino foreclosures. Mountain meet molehill...molehill...mountain...
Proves my point from earlier this week.
Being a Democratic shill means you check your humanity at the door.
That you're a GOP shill who has no life... I've known that quite before earlier last week,,,
I've known that quite before earlier last week,,, I make no bones about wanting the Reps to win in November. And, unlike you, I'll criticize them for selling-out to the Corporations and other special interest groups. You, on the other hand, never have a bad word to say against Obama. All you do is shill, shill, shill. By the way, any time you want to stop being a labia would be a good time to do so.
Being a Democratic shill means you check your humanity at the door.
Bush insisted that everyone who could produce so much as a paid up PG&E bill should own a home. Bushbots have such poor memories.
"See in my line of work, you got to keep repeating things over and over and over again for the truth to sink in, to kind of catapult the propaganda." --- George W. Bush (Rochester NY, 5-24-2005)
And I make no bones that I want that party to die a quick death. Since Ike, they have fucked this country up EVERY time they have taken the reins. Debt...deficits...international and financial crises ALL traceable to their policies. There has yet to be a GOP presidency without them. The WORST dem is better than the best 'pube any day of the week. You are in no way morally superior to me. Stop acting as if you are.
Yep. It was Bush's ownership society.
First of all, you don't dictate what I type and what I don't. If you don't like that put me on ignore. I've tried to be civil with you, and all you can do is respond with insults. So you can ingest fecal matter and expire for all I care.
Being a Democratic shill means you check your humanity at the door.
Coinciding with a foreclosure rate of 48%. HELLO. P.S. - No Doc/ "Liar's Loans" and Mortgages were handed out to illegal invaders like M&Ms.
Your alternative universe of Up=Down, Evil=Good is simply bizarro. 0bama - your Marxist-Muslim-Gay hero - has wasted $800 billion on a so-called "Stimulus" that did WHAT exactly? Where did it go? Your Progressive Party (through Dem-controlled Congress) and 0bama shoved TARP up our ass. Your dopey Party and Marxist "leader" are cratering the economy and knee-capping growth and investment with communist policies - yet you claim the policies that are ruining the country are Republican? NO COMPANY IS WILLING TO EXPAND! THE ECONOMY IS CONSTRICTING. That's the Commie/Progressive Party and 0bama's Plan. Have you always been THIS detached from reality? Nevermind - you're just a Godless, Marxist Politburo-wannabe.
Obama is a piker given the debt and deficits the Boy Blunder ran up prior.
Yea...and? No Doc/ "Liar's Loans" and Mortgages were handed out to illegal invaders like M&Ms. You have no evidence to back that up.
Next time you quote me, please give me credit. Thanks. You pinged me to thread that no one cared about and then acted like an asshole.
The numbers don't support your assertion. Here is a very scary graph: Both Bush and Obama are HORRIBLE.
excellent! You've really got the script down pat!
Being a Democratic shill means you check your humanity at the door.
Oh poor boy's sensitivities were so hurt! I asked why you hadn't showed up on another "Obama fucked us over" thread and you got your panties in a bind. You seem to have lost that tough exterior you had on Libertypost.org. Was it getting kicked off by Goldi after she scammed you for a few hundred bucks that did it to you?
Being a Democratic shill means you check your humanity at the door.
I can't help your delicate constitution. You posted a thread...no one cares and you whined like Mike Tyson's bitch. Just get over it. I asked why you hadn't showed up on another "Obama fucked us over" thread and you got your panties in a bind. You have an interesting way of looking at the world. Again, you posted a thread that no one gave a shit about and you threw a snit fit and made me the focus of your hissing. As if it's my fault that YOU post boring it's shit and now your trying to twist it that it's me who was stomping his feet and holding his breath because no one responded.
Out of the last three dems and last three GOP POTUSes who ran up more debt and deficits? The answer is ALL THREE GOP.
Nope! Unlike you I insist on the people I debate being intellectually honest. If you're going to dodge-and-weave with your lies, obfuscations and nasty insults I will call you on it. Man will you have a case of the ASS on election night. Better make an appointment to see your shrink on the following day you labia.
Being a Democratic shill means you check your humanity at the door.
Is a symptom one incessantly pinging me?
The answer is ALL THREE GOP. I'm sorry, I know something like FACTS and LAW are foreign to you, but who spends the money? Congress or the Executive Branch of government? Once again, I've caught you confusing facts, obfuscating and misdirecting. Let's be intellectually honest here, okay?
Being a Democratic shill means you check your humanity at the door.
Boy Blunder had a GOP Congress. Red Ink had half of one and they all had the power of the veto. Good thing that you ignored the financial and international crises part.
Quit lying. Boy Blunder has had a D congress since they elected his illegal ass back in 08.
Good thing that you ignored the financial and international crises part. So let's make this clear, who spends the money, congress or the President? Btw, the GOP controlled congress had very small budget deficits compared to the Democratic congress. And yes, Bush should have vetoed the Democratically controlled budget-busting bills which were sent to his desk. But Obama hasn't vetoed a single bill from Congress. He's insane!
Being a Democratic shill means you check your humanity at the door.
You really expect nothing less than lies and obfuscations from War? You realize he's nothing but a shill for the DNC sent to spew hate, class-warfare and DNC propaganda on your site, right?
Being a Democratic shill means you check your humanity at the door.
"Good morning ladies!!" --The Blind Man Walking By The Fish Market
Still can't answer the question, huh? I know, don't worry. To answer truthfully said question would result in your admitting that the entire paradigm you exist in is flawed.
Being a Democratic shill means you check your humanity at the door.
Chuckles...you didn't ask a meaningful question. FACT: GOP Potuses have screwed us going back to Ike. There has yet to be a POTUS who left us in better shape than when he assumed office.
The answer is ALL THREE GOP. Yes but Obama will surpass them all put together.
Almost 50% of Bush's deficits were due to Katrina aid. The Left wanted him to spend more.
-----------------------------------------------------------
One word -- VETO. Bush vetoed far fewer bills than any post WWII president, even though he was in office longer than Truman, Kennedy, Johnson, Nixon, Ford, Carter, and his father. Bush LOVED big government, which is why he never vetoed anything. Presidential vetoes: BRAVO to Jerry Ford who served 2 years in office and vetoed just about everything. BOOOOO to Boy Blunder.
The GOP left this mess. You can moan and bitch and complain and spit and frolic...at the end of the day...this all reverts back to the serious errors of judgment and management of the moron YOU helped put into office. Obama won for a reason.
2 years in office...
Bullshit.
The GOP left this mess. Yes and Obama is making it worse. the moron YOU helped put into office I didn't vote for Bush or his father. I didn't vote for numskulls like Al Gore and John Kerry either.
How has he made it worse? Business activity is picking up. We're no longer bleeding jobs. Manufacturing continues to expand. EXACTLY how has he made it worse?
40% of the deficits were due to Iran and Afghanistan. 60% were due to domestic spending, including the first new entitlement program since LBJ (prescription drugs), the largest federal intrusion into the classroom in history (No Child Left Behind), the 2002 pork barrel highway bill, and YES Hurricane Katrina aid, where "victims" were spending tax money on NFL tickets, Caribbean vacations, Girls Gone Wild Videos and SEX CHANGE OPERATIONS. Of course, Obama now has the second new entitlement program since LBJ and his "stimulus" bill dwarfs the 2002 highway bill. TO HELL WITH THEM BOTH.
Regardless of who left the mess, fact is that Obama and the DNC controlled Congress can't fix it.
-----------------------------------------------------------
They are unreconstructed leftists who've never run anything in their lives except their big mouths. Of course they are not going to fix anything. They are only going to make things worse. This is a given. After the GOP's disastrous performance under Bush, what makes you think that they will fix anything? Oh, because of their great plan... WHAT PLAN??? When Gingrich and Dick Armey ran the GOP, they had a plan, forced Clinton to compromise, and made tremendous progress. Do you think Mitch McConnell is going to do this? NO.
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#2. To: war (#1)
#3. To: Nebuchadnezzar (#2)
#4. To: war (#3)
That you're a GOP shill who has no life...
#5. To: war (#3)
I've known that quite before earlier last week
#6. To: Nebuchadnezzar (#4)
(Edited)
I make no bones about wanting the Reps to win in November.
#7. To: mininggold (#5)
Bush insisted that everyone who could produce so much as a paid up PG&E bill should own a home.
#8. To: war (#6)
You are in no way morally superior to me. Stop acting as if you are.
#9. To: war (#1)
So, Latinos increase their home ownership by 47% and we're ***GASP*** surprised that in a state with a high Latino population has hi Latino foreclosures.
#10. To: war, Nebuchadnezzar (#6)
Since Ike, they have fucked this country up EVERY time they have taken the reins. Debt...deficits...international and financial crises ALL traceable to their policies.
#11. To: Liberator (#10)
#12. To: Liberator (#9)
Coinciding with a foreclosure rate of 48%.
#13. To: Nebuchadnezzar (#8)
First of all, you don't dictate what I type and what I don't.
#14. To: war (#11)
Obama is a piker given the debt and deficits the Boy Blunder ran up prior.
#15. To: war (#11)
Obama is a piker given the debt and deficits the Boy Blunder ran up prior.
#16. To: war (#13)
You pinged me to thread that no one cared about and then acted like an asshole.
#17. To: Nebuchadnezzar (#16)
Oh poor boy's sensitivities were so hurt!
#18. To: Nebuchadnezzar (#15)
#19. To: war (#17)
I can't help your delicate constitution. You posted a thread...no one cares and you whined like Mike Tyson's bitch. Just get over it.
#20. To: Nebuchadnezzar (#19)
Man will you have a case of the ASS on election night.
#21. To: war (#18)
Out of the last three dems and last three GOP POTUSes who ran up more debt and deficits?
#22. To: Nebuchadnezzar (#21)
#23. To: war (#22)
Boy Blunder had a GOP Congress. Red Ink had half of one and they all had the power of the veto.
#24. To: A K A Stone (#23)
#25. To: war (#22)
Boy Blunder had a GOP Congress. Red Ink had half of one and they all had the power of the veto.
#26. To: A K A Stone (#23)
Quit lying. Boy Blunder has had a D congress since they elected his illegal ass back in 08.
#27. To: Nebuchadnezzar (#25)
Btw, the GOP controlled congress had very small budget deficits compared to the Democratic congress.
#28. To: war (#27)
#29. To: Nebuchadnezzar (#28)
Still can't answer the question, huh?
#30. To: war (#18)
Out of the last three dems and last three GOP POTUSes who ran up more debt and deficits?
#31. To: jwpegler (#30)
Toss: ADL,CAIR and the Vatican into the pit they belong in.
#32. To: A K A Stone (#23)
(Edited)
Boy Blunder has had a D congress
Harry Truman 250 Dwight Eisenhower 181 John Kennedy 21 Lyndon Johnson 30 Richard Nixon 43 Gerald Ford 66 Jimmy Carter 31 Ronald Reagan 78 George H. W. Bush 44 Bill Clinton 37 George W. Bush 12
#33. To: jwpegler (#30)
Yes but Obama will surpass them all put together.
#34. To: jwpegler (#32)
Gerald Ford 66
#35. To: WhiteSands (#31)
Almost 50% of Bush's deficits were due to Katrina aid.
#36. To: war (#33)
#37. To: jwpegler (#36)
Yes and Obama is making it worse.
#38. To: WhiteSands (#31)
(Edited)
Almost 50% of Bush's deficits were due to Katrina aid.
#39. To: jwpegler (#36)
(Edited)
Toss: ADL,CAIR and the Vatican into the pit they belong in.
#40. To: WhiteSands (#39)
(Edited)
Obama and the DNC controlled Congress can't fix it.
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