Solid piece on Disparate Impact

[Twangbanger]

This is the benefit of having a President like Trump: the opportunity to see things like this ripped out root and branch:

https://www.realclearinvestigations...only_bias_theory_governing_american_life.html

Trump and the SCOTUS may make no progress on this.

But one thing is for certain; you will never, ever see any forward movement from useless forks like John Kasich.

 

[Dead Duck]

Great News!

Kicking racism where it counts. Right in the money. Looks like some kind of twisted "Affirmative Action" BS. And of course those terrorist organizations NAACP and the ACLU are all tied up in it as well.

 

[DoggyDaddy]

This is the benefit of having a President like Trump: the opportunity to see things like this ripped out root and branch:

https://www.realclearinvestigations...only_bias_theory_governing_american_life.html

Trump and the SCOTUS may make no progress on this.

But one thing is for certain; you will never, ever see any forward movement from useless forks like John Kasich.

From the article:

Likewise, new House Banking Committee Chairwoman Maxine Waters has said she will bring “dishonest and criminal” banking officials before her panel to grill them about not lending enough money in low-income urban areas. The California congresswoman says she wants bankers, along with their regulators, to make stronger commitments to “increasing homeownership rates among African-Americans.”

Waters also plans to create a new House subcommittee focusing on “diversity” in banking and "financial inclusion.” She says she intends to "expose and eliminate" disparate-impact discrimination in financial services.

So here's a thought. Let Waters co-sign all minority loans. I mean, there's no risk, right? Perfectly safe. She seems to be quite confident that those loans will be paid, so let her put her money where her mouth is.

 

[Mongo59]

Someone once told me that "you can't borrow yourself rich", maybe it is time for the credit card junkies to get "woke"...

 

[Doug]

Another "Housing Bubble" is looming.
Housing prices will go up as more buyers enter the market.
Low income buyers will be encouraged to buy a nice, big house with a balloon mortgage and pay only the interest for five years. They will be told they can sell the house for a profit in five years, pay off the mortgage, use the profit for a down payment on a bigger, nicer house and repeat the process.
Eventually, the bubble will burst, the market will collapse, and "predatory lending practices" (mandated by Congress) will be blamed. There will be massive foreclosures and another financial crisis.
All will be blamed on the banks.
This has all happened before.

There will be calls for more regulation or, if the Socialists have enough power, the banks will be nationalized and the Federal Government will handle all the banking in the United States. You can judge for yourself how well that will work. Savings accounts, certificates of deposit, and I.R.A.'s will be confiscated and loans to "low income individuals" will be forgiven to "provide a more equitable distribution of wealth."
The U.S. will then apply to Venezuela for financial aid.