Minorities, Fannie-Freddie, and the Market Meltdown

Interesting turn of events. Liberals have said (correctly, I think) that you can't blame minorities for the subprime market meltdown. That is true. Who is the blame? That's easy, really. Fannie, Freddie, and Wall Street. So here's the interesting turn of events. If you blame Fannie and Freddie for the market meltdown, liberal leaders Barney Frank and Harry Reid will bring up race. Here is what Frank said (story): "They get to take things out on poor people," Frank said to a mortgage foreclosure symposium in Boston. "Let's be honest: The fact that some of the poor people are black doesn't hurt them either, from their standpoint. This is an effort, I believe, to appeal to a... [read full story]                    

Add Comment
View all news articles about*:
*Newstin tag cloud displays all featured persons, associated organizations, related topics, regions and companies