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Entry: The Diversity Recession, or How Affirmative Action Helped Cause the Housing Crisis Link: http://www.takimag.com/site/article/the_diversity_recession_or_how_affirmative_action_helped_cause_the_housing#30614 Post contents: Mitesh: "I don’t believe for one second the banks loaned money to minorities for egalitarian purposes" They didn't. They increased loan rates to minorities so they wouldn't get sued or be stopped from merging. And it's not 'the blacks' fault, it's the fault of the government that pushed unsustainable mortgages on them. Don't inject me with heroin and then blame me for getting addicted. Sent at: 2008 12 01