This is the cover of Bloomberg BusinessWeek, with a story on relaxed mortgage standards, [1] which could lead to another Minority Mortgage Meltdown:
And here are two tweets from Matt Yglesias, who as a trained economist is supposed to know more about the dangers of pushing mortgages on (unqualified) minority borrowers than the rest of us do:
Bloomberg Businessweek warns that lending is so out of control even non-white people can buy a house: poynter.org/wp-content/upl… [2]
— Matt Yglesias (@mattyglesias) February 28, 2013 [3]
If you like your business news spiced up with racism, turn to the latest @businessweek [4] cover: slate.com/blogs/moneybox… [5]
— Matt Yglesias (@mattyglesias) February 28, 2013 [6]
In fact, Yglesias did know there was something wrong with George Bush's mortgage speech: see Matt Yglesias And The Minority Mortgage Meltdown (Not Quite) Foretold. [7]
He's just wilfully blind to racial issues, to the point where when he got beaten up on the street by black thugs [8], he thought it was about "higher density" in urban areas [9].
So, here are some stories about the connection between the push for lending to minorities, whether they were qualified or not:
Links:
[1] http://www.zerohedge.com/news/2013-02-28/great-american-housing-rebound
[2] http://t.co/gTkoNGFwns
[3] https://twitter.com/mattyglesias/status/307153387135324160
[4] https://twitter.com/businessweek
[5] http://t.co/fYdfvawLdT
[6] https://twitter.com/mattyglesias/status/307158313370529792
[7] http://www.vdare.com/posts/matt-yglesias-and-the-minority-mortgage-meltdown-not-quite-foretold
[8] http://thinkprogress.org/yglesias/2011/05/14/200983/an-evening-on-the-beltway-yuengling-and-minor-assault-circuit/
[9] http://www.vdare.com/posts/was-mugging-of-matthew-yglesias-a-hate-crime
[10] http://www.vdare.com/posts/ten-years-afterthe-secret-history-of-the-2000s-and-the-minority-mortgage-meltdown
[11] http://www.vdare.com/articles/aeis-wallison-wimps-out-on-minority-mortgage-meltdown
[12] http://www.vdare.com/posts/obama-administrations-guns-of-singapore-blasting-away