Anarchocrapitalism, "libertardianism", et al.

[jamesd at echeque.com]

On 1/6/2018 5:55 PM, juan wrote:
> On Sat, 6 Jan 2018 17:21:29 +1000
> jamesd at echeque.com wrote:
> 
>> On 1/6/2018 2:40 PM, juan wrote:
>>> 	"The Size of the Bank Bailout: $29 Trillion "
>>> 	https://www.cnbc.com/id/45674390
>>
>> The reason the banks needed to be bailed out was affirmative action
>> lending,
> 
> 	stop lying, scum

I was in Sunnyvale, which was ground zero of the Great Minority Mortgage 
Meltdown:  Almost every dud mortgage in Silicon valley, as near to all 
of them as makes no difference, was a loan to a non white, usually a 
recent immigrant, frequently illegal, usually with poor English or no 
English.

The Bank of Beverly Hills was destroyed for doubting that lending to 
people with no income, no job, and no assets was a good idea.

During the takeover bidding wars when banks were buying each other up, 
rather than the bidders promising the shareholders more money, the 
bidders would promise the regulators more mortgages to nonwhites and 
single women.

With Angelo Mozilo always getting the winning bid by promising 
astonishingly large amounts of affirmative action loans to Hispanics.