A CLOSER LOOK AT WHY BAD LOANS WERE MADE

October 12, 2008

LOOKING AT THE ROOTS OF BAD LOANS

Racial Integration and Community Revitalization: Applying the Fair Housing Act to the Low Income Housing Tax Credit

“The Civil Rights Act of 1968, which includes Title VIII, is one
of the most hallowed accomplishments of American law and shows
Congress’s clear objective to integrate American society. Yet as
history has shown, without persistent advocacy, even the clearest
legislative pronouncements will not enforce themselves. Advocates
need to pursue other remedies to further an integrated society. This
involves using the federal FHA and state statutes and constitutions,
together with a coherent multi-front legislative strategy. This
strategy must involve long-term metropolitan integration, principles
of opportunity-based housing, and the stabilization of integrated and
gentrifying neighborhoods. Housing must be viewed as a clear path
toward racial and economic opportunity that holds a real hope for
revitalizing cities and older suburbs.” (quote from the community
revitalization act)

Does any of this sound like a basis for congress to make loans to people who could not afford to repay?

Does this sound like a liberal Socialist idea?

The more I look the more I find the inching away at our Republic by congress passing these poorly conceived laws meant to buy votes from certain segments of our society (meaning poor not people of color). This is not a non white against white issue, it is a Socialist idea gone completely bad when carried to its logical conclusion.

Government providing everything to you without having to work for it in a capitalism approach.

God grant us the wisdom to see past the smoke screen sent to us by our politicians trying to buy our votes.