Being a social justice warrior/collectivist twit means never learning any of the lessons reality slams you with when the fucked up shit your supposedly well intentioned stupid ideas cause to happen blow up in your face. Oh sure, the leftist twits tried their best to blame it on the evil banks and their predatory practices not being regulated enough, but of course, as is always the case, they covered for the fact that it was deals they made to make this giant shit sandwich look semi-palatable to the lending industry that basically was being told to burn money by giving loans to people that were all but guaranteed to fuck things up.
Despite the usual heap of idiotic SJW bullshit about a rigged system, people that are considered high risk and thus are not able buy homes, usually are there because they have proven not to be fiscally responsible. That suddenly doesn’t go away when they are able to buy a home on the cheap, without any serious commitment or risk on their part, and continue to engage in the same idiotic things that cause them their financial pain. That republicans chose to go along with this idiotic scheme shouldn’t let them off the hook, but the push to get more of this crap going definitely comes from one party, as the Clintons doubling down on the stupid shows. Fast forward, and scams to make the whole mess look palatable fail to prevent the inevitable collapse of the house of cards this nonsense created.
Yeah yeah, I know that the DNC driven media has put out a ton of articles trying to blame evil Wall Street and provide cover for big SJW government’s role in this disaster, but you must be a liberal idiot if you are going to pretend that Wall Street could have done any of the things it did without government backing. in fact, the lie that the problem was caused by lack of regulation is galling. It was specifically caused by the regulation in place: the deals made with the big lenders to back their horribly crappy loans to people that never should have qualified for any such loan came from government.
American tax payers didn’t bail out Wall Street – like your usual leftist twit would like you to believe – because republicans wanted to save their friends, but because the SJW types in government knew that if they didn’t do this they would never again get any private institution to go along with any of their harebrained schemes again. Pelosi and the other criminals in her clique pretended not to want to bailout Wall Street and only to go along once they got their way to “reform” the system, but those of us that knew better, saw through that deceit. As many of us predicted, what followed was nothing but a charade, and that we would not only get zero action to prevent such a crisis again, but that the democrats would double down on pushign the same idiocy with renewed vigor.
Fast forward about 7 or so years, and here we are again:
The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.
President Obama’s economic advisers and outside experts say the nation’s much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession.
In response, administration officials say they are working to get banks to lend to a wider range of borrowers by taking advantage of taxpayer-backed programs — including those offered by the Federal Housing Administration — that insure home loans against default.
Housing officials are urging the Justice Department to provide assurances to banks, which have become increasingly cautious, that they will not face legal or financial recriminations if they make loans to riskier borrowers who meet government standards but later default.
Officials are also encouraging lenders to use more subjective judgment in determining whether to offer a loan and are seeking to make it easier for people who owe more than their properties are worth to refinance at today’s low interest rates, among other steps.
Now what could go wrong with government forcing lenders to provide loans to people that are unqualified in the name of social justice, huh? We are back at the same junction we started of with the idiotic community reinvestment act. SJW are decrying the fact that people that make poor finical choices are being left behind, so they now are telling lenders that they should ignore the golden lending rules – as well as the laws of the land – and pony up. And don’t worry! Government, meaning the productive American tax payers that are already being fleeced at a record rate to finance other such SJW boondoggle schemes and scams, will back them up when the shit hits the fan!
Seriously, nobody should be surprised that an administration that has seen itself not only as “above the law”, but views the law and the legal system as a means to attack their political enemies while providing cover to their friends, decides they can openly tell the very financial entities that they so actively and effectively falsely blamed for the previous crisis that they better ignore the new set of idiotic laws of their own making, and to go back to doing more of the same stupid shit that destroyed the wealth of and screwed up so many in 2008.
What could go wrong this time? And it isn’t as if we might have any other bubbles to worry about either.
Insanity: doing the same stupid shit over and over under the pretense that this time you will overcome the laws of human nature, economics, and reality. But that’s liberal social justice warfare for you in a nutshell.