No, you source right-wing blogospheres. Pure normative rants!
You know better Kush and does a Youtube video's showing Democrat law makers lying to a House Committee qualify as a source from a Right-wing Blogosphere ?
Taking deposits in a specific community and then denying them credit (based on address) is a form of discrimination.
THAT is one of the most desperately STUPID things I've ever read, period. On the Internet, in a News-Paper, on a Bathroom Wall. I mean ever, and you're intelligent enough to know better.
So lets say I have poor credit, no steady job and no down payment and a repossession to boot.
OR I read this Chicago Sun Times Article from 1995 and gave ACORN a call ‘
You’ve got only a couple thousand bucks in the bank. Your job pays you dog-food wages. Your credit history has been bent, stapled, and mutilated. You declared bankruptcy in 1989. Don’t despair: You can still buy a house.”
By your definition I should be able to qualify for a Mortgage simply by going down to a bank and opening up a savings account in my " Community " ? Because if they take my money and secure it and pay me interest but refuse to loan me 150k to buy a House that I can't afford, THAT'S "Discrimination " ??
DISCRIMINATION is inherent to lending for OBVIOUS reasons, as long held standards gave lenders the freedom to safely invest their capital. Those standards also prevented economic bubbles by limiting cash-flow to those who were most likely to adhere to their contracts. To those who had proven they were responsible enough to enter into a 30 year contract. And those standards had nothing to do with the color of someone's skin.
Well, not until the Democrats manufactured the massive false narrative of redlining.
When I bought my first home the guy at the bank said there are basically three questions a bank has to consider before making a loan.
1) Can he Pay ? ( Income Amount, Job History, Other Current Expenses )
2) Will He Pay ? ( Credit History )
3) If he Doesn't Pay Can I make Him ? ( Collateral )
Those standards were corrupted, manipulated and redefined via Government mandates through Clinton's Home Owners Strategy and through his DOJ which targeted banks with threats of legal action if they did not comply with their solution for the false narrative of "redlining"
And AGAIN, if there was actually " Discrimination " in lending,( there wasn't ) that is people were being refused home loans solely based on the color of their skin, WHY did they have to lower lending standards to fight it ?
It such BULLSH** from you people, listening to you try to justify down what were obviously bad policies because you've got some f**kin generic anti-Conservative cross to bear.
Why objectivity isn't a option for you is I suppose none of my business, but it's a damn shame you don't consider it.