Banks targetted negroes for subprime loans

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  • Splum
    Confirmed User
    • May 2003
    • 6195
    #1

    Banks targetted negroes for subprime loans

    Of course they did...

    The NAACP is accusing Wells Fargo and HSBC of forcing blacks into subprime mortgages while whites with identical qualifications got lower rates. Class-action lawsuits will be filed against the banks Friday in federal court in Los Angeles, Austin Tighe, co-lead counsel for the National Association for the Advancement of Colored People, told The Associated Press.
    http://biz.yahoo.com/ap/090313/naacp...imination.html
    Tags: None
    • Iron Fist
      Too lazy to set a custom title
      • Dec 2006
      • 23400
      #2
      Oh wow.. they actually went there. Nicely done idiots.
      i like waffles

        Comment

        • mynameisjim
          Confirmed User
          • Aug 2007
          • 2985
          #3
          There is a history of predatory lending taking place in poor neighborhoods. The housing boom was no different.
          jim (at) amateursconvert . com Amateurs Convert

            Comment

            • Iron Fist
              Too lazy to set a custom title
              • Dec 2006
              • 23400
              #4
              Originally posted by mynameisjim
              There is a history of predatory lending taking place in poor neighborhoods. The housing boom was no different.
              It's predatory in the fact that they had a paystub, a phone bill and a pulse. This has nothing to do with what color their skin was... NAACP is a bunch of fucking retards.
              i like waffles

                Comment

                • pr0
                  rockin tha trailerpark
                  • May 2001
                  • 23088
                  #5
                  Originally posted by sharphead
                  It's predatory in the fact that they had a paystub, a phone bill and a pulse. This has nothing to do with what color their skin was... NAACP is a bunch of fucking retards.
                  Whether or not they targeted just the poor, or African Americans themselves. The fact is, a disproportionate amount of African Americans received sub prime mortgages & this should be heavily investigated/resolved asap.

                  So would i call the NAACP idiots? Hardly! I would say they definitely have a real case of race based discrimination here & this suit will really bring it to light.
                  __________
                  Loadedca$h - get sum! - Revengebucks - mmm rebills! - webair (gotz sErVrz)

                    Comment

                    • Splum
                      Confirmed User
                      • May 2003
                      • 6195
                      #6
                      Originally posted by pr0
                      The fact is, a disproportionate amount of African Americans received sub prime mortgages & this should be heavily investigated/resolved asap.
                      Thats because "most" black people are fucking freeloading scammers, you act like these motherfuckers didnt know they couldnt afford the houses they were getting. LOL.

                        Comment

                        • Voodoo
                          ♥ ♦ ♣ ♠
                          • Sep 2002
                          • 10600
                          #7
                          Vote for Voodoo as King of L.A. County. I will see to it, that no colored person will get home loans again!

                          This message is Obama Approved.

                          "I'm selflessly supporting the common good, but only coincidentally looking out for No.1."

                            Comment

                            • After Shock Media
                              It's coming look busy
                              • Mar 2001
                              • 35299
                              #8
                              It is no super big surprise and I know first hand from someone I know who was selling loans, they were given mapped out area's to go door to door and also place flyer's and signs.

                              [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

                                Comment

                                • pr0
                                  rockin tha trailerpark
                                  • May 2001
                                  • 23088
                                  #9
                                  Originally posted by Splum
                                  Thats because "most" black people are fucking freeloading scammers, you act like these motherfuckers didnt know they couldnt afford the houses they were getting. LOL.
                                  Wow....Just wow.......alright well I'm going to go ahead & duck out of this debate.

                                  No debate based on stereotypes or hatred is really a "debate" in the end. It's just mudslinging.

                                  However....I do respect your right to an opinion.

                                  That is all
                                  __________
                                  Loadedca$h - get sum! - Revengebucks - mmm rebills! - webair (gotz sErVrz)

                                    Comment

                                    • After Shock Media
                                      It's coming look busy
                                      • Mar 2001
                                      • 35299
                                      #10
                                      Originally posted by pr0
                                      Wow....Just wow.......alright well I'm going to go ahead & duck out of this debate.

                                      No debate based on stereotypes or hatred is really a "debate" in the end. It's just mudslinging.

                                      However....I do respect your right to an opinion.

                                      That is all
                                      Pay him no real attention. When I got back from my illness it seems as if that nickname either was transferred or the owner went super politically retarded and then on a posting spree.

                                      [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

                                        Comment

                                        • Splum
                                          Confirmed User
                                          • May 2003
                                          • 6195
                                          #11
                                          Originally posted by pr0
                                          No debate based on stereotypes or hatred is really a "debate" in the end. It's just mudslinging.
                                          You are using the same stereotypes... in reverse. Think about it.

                                            Comment

                                            • james_clickmemedia
                                              Confirmed User
                                              • Apr 2003
                                              • 2204
                                              #12
                                              low income & under educated does NOT = black...
                                              $ CLICKMEMEDIA.COM $ CONVERTING ETHNIC TRAFFIC SINCE 1998 ~ $30+PPS
                                              BLACK-X.COM - NEW BLACK EX-GF SITE
                                              CLICKMEMEDIA.COM ~ ICQ - 8788771

                                                Comment

                                                • John-ACWM
                                                  Work Work Work
                                                  • Nov 2008
                                                  • 20060
                                                  #13
                                                  Originally posted by After Shock Media
                                                  It is no super big surprise and I know first hand from someone I know who was selling loans, they were given mapped out area's to go door to door and also place flyer's and signs.
                                                  damn conspiracy

                                                    Comment

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