Posted by
Flatlanders on Thursday, October 02, 2008 12:25:25 PM
Stealth Reparations -- that's what the 2008 TARP/Bailout Bill is all about. It's time to start calling a spade a spade, pig a pig, a TARP a TARP and free houses for minorities as reparations.
Fact : There is specific wording in the Crapola Bailout bill that states one focus of the bill will be for taxpayers to buy up failing "minority" mortgages -- reparations by reasonable label...
How did it happen -- Congress passed regulations that forced banks to hand out mortgages to minorities who can't pay for their mortgages. Presumably, the original hope was the mortgage industry and general marketplace would be able to absorb these mandated stealth reparation houses without it coming to the surface and attention of the taxpayer. It worked for a while. But if a little is good, more is better -- Democrat Congress Critters and regulators got impatient with the slow pace and expanded the percent of reparation house mortgages that must be included in bundled mortgage resales until it brought down the mortgage industry.
Fine print -- anyone who publicly labels the crapola bailout bill as reparations will be vehemently called racist by the Obamist's and far left. The force of their anger about this racist accusation will be validation that reparations is really what this is all about.
ref:
http://www.webloggin.com/carp-congressional-asset-ripoff-program/