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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#30662 Post contents: I don't think Steve says anyone did anything out of the goodness of their hearts. Hack politicians threatened law suits and other bad things to banks and gave away other people's money to a pushy constituency. The banks, under threat of lawsuit, complied. Finally, distorted economic incentives fueled the bonfire. It had many causes, the race thing is one of them. Sent at: 2008 12 01