Subprime mortgages, mainly given to persons of color thanks to the, shall we say, "urging" of our federal overlords, weren't the only cause of the 2007-08 financial debacle that has landed us in debt halfway to China. But they were the precipitating factor, the last straw.
Well, at least we learned a lesson. Ooops.
Racial Politics: With homeownership plunging among minorities, Democrats and community organizers are pushing banks to revert to the easy-credit requirements that got us into the crisis.
In the latest move, the NAACP announced Wednesday it was forming a partnership with Bank of America to "advance fair-lending practices" that will help provide credit to "disenfranchised communities that were ravaged by the economic crisis."
Bank of (Latin) America -- you remember them, the banksters who made a special push to open accounts for the dinero of los illegals -- "BofA has agreed to monitor lending policies for their 'racial impact' and 'allow borrowers the option of selecting a loan that is appropriate for his circumstances.' "
Appropriate for his circumstances -- that should be "their circumstances," but grammar is racist -- means "taxpayers to eat the bill when 'he' of the Protected Class stops paying the mortgage."
The country is faced with such debt that only hyperinflation -- enabling the government to pay off its deficit in dollars curiously resembling pennies, with the same effect on your savings -- offers a way out.
Yet Black Privilege and Mestizo Privilege must go on regardless.
California’s budget crisis has reduced the University of California to near-penury, claim its spokesmen. “Our campuses and the UC Office of the President already have cut to the bone,” the university system’s vice president for budget and capital resources warned earlier this month, in advance of this week’s meeting of the university’s regents. Well, not exactly to the bone. Even as UC campuses jettison entire degree programs and lose faculty to competing universities, one fiefdom has remained virtually sacrosanct: the diversity machine.
Not only have diversity sinecures been protected from budget cuts, their numbers are actually growing. The University of California at San Diego, for example, is creating a new full-time “vice chancellor for equity, diversity, and inclusion.” This position would augment UC San Diego’s already massive diversity apparatus, which includes the Chancellor’s Diversity Office, the associate vice chancellor for faculty equity, the assistant vice chancellor for diversity, the faculty equity advisors, the graduate diversity coordinators, the staff diversity liaison, the undergraduate student diversity liaison, the graduate student diversity liaison, the chief diversity officer, the director of development for diversity initiatives, the Office of Academic Diversity and Equal Opportunity, the Committee on Gender Identity and Sexual Orientation Issues, the Committee on the Status of Women, the Campus Council on Climate, Culture and Inclusion, the Diversity Council, and the directors of the Cross-Cultural Center, the Lesbian Gay Bisexual Transgender Resource Center, and the Women’s Center.
If we are the slightest bit honest about rescuing the U.S.A. from its bankruptcy, let's end the diversity racket. Let the diversicrats raise the money for their salaries and programs through private donations, and if they can't, tough. No more money siphoned from funds legally extorted from taxpayers. None.
When our political jellyfish stop the racial-ethnic pandering, I'll consider the possibility that they've seen the light about financial reform. The diversity payouts may not be that big in the whole scheme of things, but they're an infallible lie detector.