Our post-journalism DNC "news media" strike again. This time, it's Reuters, with a new "study" claiming that "predatory lending" caused the housing market to collapse. The study explains how lenders made loans to minorities at higher rates, with bigger fees and less favorable payment arrangements, leading them to default more easily, thereby overwhelming the market with defaults and foreclosures.
Of course, the elephant in the room here that Reuters is painfully ignoring at all costs is the fact that Democrats spent years threatening banks with their Affirmative Action lending policies, bullying them into lowering their standards for minorities.
How does a financial institution survive being forced to make bad loans to unqualified people on a mass scale? With high fees, interest rates and everything else liberals now call "predatory."
A 380-word article on the issue and these painstakingly objective "reporters" couldn't bring themselves to even mention the reason this "predatory lending" exploded onto the scene out of nowhere--incessant Democrat meddling in the housing market made it completely unavoidable.
Once again, a government-created disaster championed and caused almost entirely by Democrats is being relentlessly misrepresented by those who are supposed to be questioning Washington on our behalf as a failure of the free market and another excuse for more government intrusions and interference. And unfortunately, this partisan misinformation strategy is working on about half the country.
Democrats would never even get elected if they didn't have this army of corrupt propagandists lying through their teeth for them at every turn.
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