He says it isn't him in the picture. I don't know if that's true, but he retained his office largely because the Black voters of Virginia wanted him to stay. And he clearly has repented. Instead of using Juneteenth as a racist dog whistle to his base (like Dotard) Governor Northam wants to make it a paid state holiday.
You can compare combating racism to tilting at windmills, but, unfortunately (for racists like you) we will NOT stop. In a matter of months Dotard will be gone and NO LONGER will your White Nationalism receive support from the person holding the highest elected office in the United States.
So, you vote for politicians who promise to do what you don't want them to do? Or is it only "pandering" if a Democrat does what their Black constituents want?
That's small potatoes. What about Dotard's attempted pander of sending coronavirus stimulus checks with his name on me... "I sent you this money, vote for me"? gwb did the same thing when he began his presidency by sending a tax "refund" check (before he crashed the economy)... "vote for me, I refunded your tax bill over-payment".
Bolstering the UAW with cash for clunkers helped the Housing Market? Really, if you Leftists hadn't completely undermined the home mortgage industry with your demands that the uncreditworthy be given credit in the name of "social justice", the economy never would have stalled.
No. The entire economy was in trouble. Why it was called the "great recession". And what undermined the home mortgage industry was the banker's and Wall Street gambler's greed. The Left never demanded the uncreditworthy be given credit in the name of "social justice". Your false narrative has been debunked.
lol! That's why Liz Warren needed to create a whole independent government consumer financial protection bureau, to hide the stupidity from taxpayers and get it off-budget. That, and dumping all those subprimes into the FHA pools.
A result of reform: The most common form of home loan available to subprime borrowers is an FHA-insured loan, which is backed by the Federal Housing Administration (FHA). While the FHA requires a credit score of at least 580 to qualify for the lowest down payment amount, there are no set minimum scores to qualify overall.
Gee, I guess "no minimum credit score required to qualify" people really are credit-worthy now. We just have to re-define credit-worthy to include EVERYONE.
"But while the FHA has no minimum credit requirement, individual lenders are allowed to set their own requirements".
That is the text following the portion you quoted. Everyone does not qualify.
And the bureau championed by Elizabeth Warren provides consumers with financial protection. Figures a corporatist oligarch-lover like yourself would be opposed.
individual lenders are allowed to set their own requirements" ...but if they do, we will investigate them for red-lining. THAT is the function of the CFPB.
The CFPB enforces the law, it doesn't pressure banks into making loans to people who can't pay them back. It's only your racist mind that says that's what the CFPB does. No doubt your racist mind also says redlining should be legal.
Correct. That's why the title of the article you linked to is "CFPB and DOJ Order Hudson City Savings Bank to Pay $27 Million to Increase Mortgage Credit Access in Communities Illegally Redlined"...
...and NOT "CFPB and DOJ Order Hudson City Savings Bank to Pay $27 Million to Increase Mortgage Credit Access in Communities Where the Inhabitants have Low Credit Scores".
lol! Hudson Bay was prosecuted for what they DIDN'T do... open new branches in poor neighborhoods.
What for profit organization with a fidicuary responsibility towards its' investors do you know would open branches in known unprofitable locations? They weren't a 'B Corp.
Hudson bay was singled out for punishment for performing their financial due diligence.
Uncreditworthy and unqualified applicants do NOT get credit. As for forcing banks to serve EVERYONE who does qualify... I support it. They should consider it a cost of their banking license. Granted to them by the people of the United States. So they have an OBLIGATION to serve ALL the people.
Bankers are responsible for scamming people. Why they were found GUILTY and had to pay huge fines.
Quote: Lost amid the hoopla over JP Morgan Chase's record-setting $13 billion settlement this fall was news of another monster court resolution – a $2.46 billion judgment, the largest ever awarded after trial in a securities fraud class action case... [end quote]
btw - If anyone is scamming anyone it's the government who writes contradictory rules and then penalizes those who miss the nuance in their deliberate contradictions.
Nobody was given money with no strings attached. The contracts were the scam. Nobody is stopping you from signing a mortgage contract where the payments are initially reasonable but later shoot up dramatically and you lose your home if you can't pay. Subprime mortgages are still available. If you're keen on paying lots of interest you most likely could get one.
No, it's that they were lied to about what was in the contracts. But you think they should have known they were being lied to and had their lawyers look them over? Shouldn't customers be able to trust what their mortgage broker tells them?
I was going to ask if you think lying is OK, but realized that YOU DO. The law has a different view, however. Why JP Morgan Chase was ordered to pay 13 Billion. The law doesn't blame the victim for not figuring out they're being scammed. Even though you wish it would.
Lawyer Minus (representing JP Morgan Chase): Yes, my client lied to it's customers and scammed them out of a lot of money. But the victims didn't read the contracts. Therefore they deserved to be scammed!
Imaginary Judge: You're right! Since when is lying and misrepresenting a product illegal? Case dismissed.
Actual Judge: You're wrong! Lying and misrepresenting a product is illegal. Judgement in favor of the plaintiff.
34 comments:
He says it isn't him in the picture. I don't know if that's true, but he retained his office largely because the Black voters of Virginia wanted him to stay. And he clearly has repented. Instead of using Juneteenth as a racist dog whistle to his base (like Dotard) Governor Northam wants to make it a paid state holiday.
You can compare combating racism to tilting at windmills, but, unfortunately (for racists like you) we will NOT stop. In a matter of months Dotard will be gone and NO LONGER will your White Nationalism receive support from the person holding the highest elected office in the United States.
Northam bought off the black vote in Viginia by pandering... and pandering is the only tool in the DNC toolbox.
So, you vote for politicians who promise to do what you don't want them to do? Or is it only "pandering" if a Democrat does what their Black constituents want?
Its pandering if you receive a montary reward, like "time off with pay".
That's small potatoes. What about Dotard's attempted pander of sending coronavirus stimulus checks with his name on me... "I sent you this money, vote for me"? gwb did the same thing when he began his presidency by sending a tax "refund" check (before he crashed the economy)... "vote for me, I refunded your tax bill over-payment".
Like Obama's Social Sevurity Trust Fund raid? His cash for clunkers? lol!
No. That was stimulus needed after gwb (the president preceding him) crashed the economy.
Bolstering the UAW with cash for clunkers helped the Housing Market? Really, if you Leftists hadn't completely undermined the home mortgage industry with your demands that the uncreditworthy be given credit in the name of "social justice", the economy never would have stalled.
No. The entire economy was in trouble. Why it was called the "great recession". And what undermined the home mortgage industry was the banker's and Wall Street gambler's greed. The Left never demanded the uncreditworthy be given credit in the name of "social justice". Your false narrative has been debunked.
lol! That's why Liz Warren needed to create a whole independent government consumer financial protection bureau, to hide the stupidity from taxpayers and get it off-budget. That, and dumping all those subprimes into the FHA pools.
A result of reform: The most common form of home loan available to subprime borrowers is an FHA-insured loan, which is backed by the Federal Housing Administration (FHA). While the FHA requires a credit score of at least 580 to qualify for the lowest down payment amount, there are no set minimum scores to qualify overall.
Gee, I guess "no minimum credit score required to qualify" people really are credit-worthy now. We just have to re-define credit-worthy to include EVERYONE.
"But while the FHA has no minimum credit requirement, individual lenders are allowed to set their own requirements".
That is the text following the portion you quoted. Everyone does not qualify.
And the bureau championed by Elizabeth Warren provides consumers with financial protection. Figures a corporatist oligarch-lover like yourself would be opposed.
individual lenders are allowed to set their own requirements" ...but if they do, we will investigate them for red-lining. THAT is the function of the CFPB.
It isn't.
lol! It's NOT? Who knew?
The CFPB enforces the law, it doesn't pressure banks into making loans to people who can't pay them back. It's only your racist mind that says that's what the CFPB does. No doubt your racist mind also says redlining should be legal.
Credit scores aren't red-lining.
Correct. That's why the title of the article you linked to is "CFPB and DOJ Order Hudson City Savings Bank to Pay $27 Million to Increase Mortgage Credit Access in Communities Illegally Redlined"...
...and NOT "CFPB and DOJ Order Hudson City Savings Bank to Pay $27 Million to Increase Mortgage Credit Access in Communities Where the Inhabitants have Low Credit Scores".
lol! Hudson Bay was prosecuted for what they DIDN'T do... open new branches in poor neighborhoods.
What for profit organization with a fidicuary responsibility towards its' investors do you know would open branches in known unprofitable locations? They weren't a 'B Corp.
Hudson bay was singled out for punishment for performing their financial due diligence.
...and in our hyperracial times, that means not giving credit to uncreditworthy and unqualified applicants.
Uncreditworthy and unqualified applicants do NOT get credit. As for forcing banks to serve EVERYONE who does qualify... I support it. They should consider it a cost of their banking license. Granted to them by the people of the United States. So they have an OBLIGATION to serve ALL the people.
...and an obligation to me not to waste taxpayer money on deadbeats.
LOL.
Exactly. Bailing out deadbeats.
No, not "exactly". You were calling the borrowers deadbeats and defending those who are actually to blame -- the bankers.
Bankers are responsible for deadbeats? Who knew?
Bankers are responsible for scamming people. Why they were found GUILTY and had to pay huge fines.
Quote: Lost amid the hoopla over JP Morgan Chase's record-setting $13 billion settlement this fall was news of another monster court resolution – a $2.46 billion judgment, the largest ever awarded after trial in a securities fraud class action case... [end quote]
Giving people money is scamming them? I wish someone would scam me!
btw - If anyone is scamming anyone it's the government who writes contradictory rules and then penalizes those who miss the nuance in their deliberate contradictions.
Nobody was given money with no strings attached. The contracts were the scam. Nobody is stopping you from signing a mortgage contract where the payments are initially reasonable but later shoot up dramatically and you lose your home if you can't pay. Subprime mortgages are still available. If you're keen on paying lots of interest you most likely could get one.
They didn't read the contracts is their defense? lol!
No, it's that they were lied to about what was in the contracts. But you think they should have known they were being lied to and had their lawyers look them over? Shouldn't customers be able to trust what their mortgage broker tells them?
I was going to ask if you think lying is OK, but realized that YOU DO. The law has a different view, however. Why JP Morgan Chase was ordered to pay 13 Billion. The law doesn't blame the victim for not figuring out they're being scammed. Even though you wish it would.
Lawyer Minus (representing JP Morgan Chase): Yes, my client lied to it's customers and scammed them out of a lot of money. But the victims didn't read the contracts. Therefore they deserved to be scammed!
Imaginary Judge: You're right! Since when is lying and misrepresenting a product illegal? Case dismissed.
Actual Judge: You're wrong! Lying and misrepresenting a product is illegal. Judgement in favor of the plaintiff.
Contracts with balloon payments are fraudulent? Loan consumers are unaware of their existence? Good to know.
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