tag:blogger.com,1999:blog-1750239339662593269.post99617979026607321..comments2023-11-02T05:19:59.640-05:00Comments on Delusions of Truth: White flight, anti-redlining, and the mortgage crisisKlepsacovichttp://www.blogger.com/profile/07915576683657376929noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1750239339662593269.post-8058893500644097502010-05-25T13:05:37.809-05:002010-05-25T13:05:37.809-05:00I'm not blaming black people, but fear of them...I'm not blaming black people, but fear of them.<br /><br />I wouldn't be surprised of CRA did play a role in the crisis, after all, a program which encourages lending to a group which has generally had higher default rates is likely to cause some increase in problems. But like you said, it can't have all the blame, after all, middle-class white families defaulted as well, not to mention the bubble being not isolated to America.Klepsacovichttps://www.blogger.com/profile/07915576683657376929noreply@blogger.comtag:blogger.com,1999:blog-1750239339662593269.post-13420456313033525522010-05-25T10:45:35.156-05:002010-05-25T10:45:35.156-05:00Well I didn't take it as factual, so don't...Well I didn't take it as factual, so don't worry about me. The CRA played a part in the mortgage/housing crisis our country as seen, but only a part. It was so huge, so widespread, so all encompassing very few who don't have intimate knowledge of it only sit and speculate but to little avail.<br /><br />And I would never blame black people. I mean, my one black friend would have his feelings hurt. As a white guy I couldn't have that happen, I'd lose all my street cred.Unknownhttps://www.blogger.com/profile/00834322319006482953noreply@blogger.com