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06-25-2009, 10:21 PM #1
The dog returns to his vomit
From the VDARE Blog: "That the Dog returns to his Vomit ..." Obama Administration Has Learned Nothing From The Minority Mortgage Meltdown
By James Fulford
There's a saying, popular with members of Alcoholics Anonymous, that "Insanity is repeating the same thing over and over, expecting a different result." Kipling, following Proverbs 26:11, preferred "That the Dog returns to his Vomit," which refers to the habit of some dogs of trying to re-eat something they couldn't keep down in the first place.
As an example of this kind of behavior, two stories highlight the fact that the Obama administration is still trying to get bankers to lend more money to minorities--minorities who by definition aren't credit-worthy, or the bankers would want to lend to them. (Japanese-Americans, by contrast, have little difficulty getting mortgages.) Hans Bader writes at Examiner.com that
Obama backs corrupt status quo in financial rules overhaul
The mortgage crisis was caused largely by the reckless government-sponsored mortgage giants Fannie Mae and Freddie Mac, and by federal affordable-housing mandates. But Obama’s proposed financial rules overhaul does absolutely nothing about Fannie and Freddie, admits Obama’s Treasury Secretary, tax cheat Timothy Geithner, even though he admits that “Fannie and Freddie were a core part of what went wrong in our system.â€
BACKWARDS WORLD: Illegal alien encampments treated like royalty...
05-15-2024, 09:35 PM in General Discussion