Chase Pushed Minorities Into Subprime Loans - Former Banker

A former Chase banker spoke with The New York Times' Nick Kristof about how Chase pushed subprime loans to minorities for big commissions. The Young Turks host Cenk Uygur breaks it down.

http://thinkprogress.org/economy/2011/12/01/379332/former-banker-subprime-pus...

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Category:

News & Politics

Tags:

• chase loans
• chase minorities
• chase bank
• chase subprime
• chase subprime loans
• minorities mortgages
• housing bubble
• subprime bonuses
• housing market
• young turks
• new york times

[homiha]

@Brown86Town I've noticed big improvements as of late!  I'm impressed!

[newfish09]

@fargonbastedge A youtube video using the term "Zionists". I think you missed the key point. "lower the credit requirements for home loans". Thats your issue. There was real discrimination. Problem is, they should have made sure someone can afford the home before selling it. Thats common sense, I dont see how minorities fits in that, rather than poor people living out of their means.

[fargonbastedge]

@newfish09 sure

/watch?v=wASFRavojBY

[newfish09]

@fargonbastedge "Which caused the housing crisis." I would like to see proof of that.

[fargonbastedge]

@TheGame21x The world doesn't work in survival of the most "equality", but it works in survival of the strongest...

and the sooner you video game playing no nothing liberals realize that. Then you'll understand why socialism always fails, why feminism is destroying our culture and why multiculturalism doesn't work, because people fight over there differences and don't fight over there similarities.

[fargonbastedge]

@THERepublic1971 Yup. Everyone knows the federal government got involved with the housing market 10+ years ago to help "minorities" get loans and they didn't pay make there payments (shocker). Which caused the housing crisis

I cant believe this leftist propaganda. I've always noticed that whenever leftism fails, they always blame something else.

[Louieinoz]

Received 

[sauroid1]

Funny how these thieving banksters weren't held legally responsible, and millions of Americans were wiped out by these schemes. Seems like an enormous shift of money has happened. Wonder how many years it will take to clean this mess up, if it is even possible to do so without restructuring the entire system.

[THERepublic1971]

Bullshit! Pushed minorities into loans. how can anyone take this crap seriously? We know the Community Reinvestment Act was government forcing banks to alter their lending practices so "minorities" (You Progressives and your collective terms) or people with little or no credit could receive loans. This was one more social justice failure by the govt. This clip bleeds desperation. I see the host is back from MSNBC. How does it feel to get racially screwed by Sharpton? "White All Night" victim. HA

[28danimal]

we go to war with country's and its normal to us we hear about death tolls and casualties of war thousands, hundred of thousands dead collateral damage and its all very disgustingly normal for us.why whats the point are we any free'r has anything changed other than the quest for power.