State Of The Union

[DuncanONeil]

The article actually was arguing bankers were not providing adequate loans to the black community and gave numbers showing how those neighborhoods were getting much fewer loans.

My question still stands: How is it that they aren't providing loans to the black community? Yet in providing these loans they caused the housing meltdown?

I missed something! What is the date of the article being referenced here.

The comment above is the whole point of the Government driven requirement. Get loans to people whose resources are not capable of sustaining the loan. This is where the increase in minority neighborhoods were led to the "American Dream" and sold out at the same time. Sold out by the lies about Freddie and Fannie.
Again the meltdown was caused by Washington interference in the day to day banking business.