The 2008 crash ignores the role average citizens played, IN ADDITION TO FINANCIAL INDUSTRY FRAUD

[The Amerikkkan Idol]

If its 2005, and you're buying your first home, are you seriously buying something you'd never be able to afford just cause the bank says so?

I'm legitimately asking you that.

Because a lot of people knew better than to do that, and I'm not absolving the financial industry of fraud either so don't play that game.

At what point do you look in the mirror and say, "even if doctors say I'm not overweight, that I should start exercising more?"

Dude, if 100 doctors tell you that you're not overweight then you would not do that.

That's the point.

They PURPOSELY mislead people.

They PURPOSELY sought out Black & Latino widows to sucker into subprime mortgates.

People don't think they know enough to go up against a "financial professional", so they trusted them.

In particular, they targeted Black people, who could afford loans, and steered them into loans they couldn't afford. ON PURPOSE

High-income black households were also targeted with risky subprime loans at the height of the housing boom, research shows.

In 2006, amid the real estate run-up, black families earning more than $200,000 annually were more likely on average to be given a subprime loan than a white family making $30,000 a year, according to research by Jacob William Faber, a sociologist at New York University who studies racial economic disparity. Analyzing nearly 4 million loan applications nationwide, Faber found that blacks were more than twice as likely to receive a subprime loan than white applicants.

https://www.washingtonpost.com/news...n-black-homeownership/?utm_term=.9313fdd04e69

 

[daemonova]

Home and cars are overvalued and always been, it shouldn't take all that to own either and the wages on these jobs aint shiet, and the degree aint worth the ink that is on the paper