So is this sub prime lending debacle designed to hit Minority home owners the hardest?

[Toots]

When the foreclosures are done will most be Minority Homes or is my bad feeling about this just that , a bad feeling. I have the same feeling about this as I did about the "Crack Cocaine" plot..

[ret5hd]

1. I don't think it had to be "designed"...

that's just the nature of things...the poor get hit the hardest.

[backwoodsbob]

2. do you really believe

some of these finance institutions would eat tens of billions in losses just so they could foreclose on some minorities?

[Toots]

4. Who do you think is going to end up with all those foreclosed homes?

and they will get them Cheap...Not only that but what will the people do after losing their homes? Life of Crime maybe, jail time loss of voting rights. Sort of what happened with the Crack deal...Who do Minorities usually vote for?

[ret5hd]

6. Why don't you tell me what else I believe...

seeing as your ESP seems to be on overdrive!

[Warpy]

3. No, but like every other bit of economic stupidity in this country

it will hit women and minorities the hardest.

That's just the way it is. Rich white males will skate.

[Islander Expat]

5. The actual SCAM was to mortgage homes to ignorant poor buyers and sell..

these loans to naive foreign investors