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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#31133 Post contents: Gosh, I didn't know that all of those WALL STREET firms that helped blow up this real estate bubble were owned by shiftless darkies!! Like at Bear Sterns, who made a ton of money selling those MBO's back and forth to one another, kinda like a financial version of musical chairs, except when the music stopped, Bear Sterns didn't have a seat to sit on. Guess those indolent darkies brought guns along when they applied for home loans--you know how THOSE people are--and forced the bankers to give them "liar loans," a loan in which the bank doesn't verify the amount of money the borrower makes. Yeah, that must be it. Those hordes of dusky-skinned natives forced their way into firms like Goldman Sachs and Lehman Brothers and forced the owners at gunpoint to give them shaky loans. Gee, thanks for explaining all of this for me. Hell, i had thought it was just a bunch of greedy bankers. Sent at: 2008 12 02