Wednesday, September 24, 2008

Neil Cavuto Of Fox News Blames The Failing U.S. Economy On People Of Color And Other "Risky" Folks That Wanted Their Own Home

"Loaning to minorities and risky folks is a disaster." - Neil Cavuto, Fox News

From Professor Tracey on behalf of all minority home owners of the USA - "Fuck You! Neil Cavuto and your racist and sexist financial ideology!"

Mr. Cavuto, are you talking about the same minorities that had "sub prime" loans pushed upon them by bankers like Countrywide and Washington Mutual, even when they qualified for a traditional fixed home loan?

Are you talking about the same bankers that targeted and did hard selling of refinanced home mortgages to minority senior citizens, uneducated minorities, and entire minority neighborhoods? Not to mention those "risky folks" you were talking about meant WOMEN, another group that has been heavily discriminated against in home lending practices.

Mr. Cavuto, I find it very interesting that you would blame the lowest person on the totem pole in this financial crisis and still consider yourself a financial expert. Fannie Mae and Freddie Mac were SUPPOSED to help minorities and women get AFFORDABLE" home loans, they were NOT supposed to abandon them to unscrupulous and greedy lenders who intended to screw them financially from the very beginning.

Those lenders knew those loans were going to be difficult loans to repay for ANYONE, when they extended the offers in the first damn place. It's not surprising that people signed for loans they couldn't afford, the lenders (the so-called experts) convinced them they could re-pay the un-payable. And in my book, that was plain criminal!

4 comments:

Felicity September 24, 2008 at 11:06 AM  

With all this, somehow, I believe in a higher law, and somewhat all these lies will throw out and everything will come out in the open.

Don September 24, 2008 at 3:50 PM  

*hides my credit report from Professor Tracey*

Okay, what were we talking about? Oh, risky folks. I have no idea what Neil Cavuto is talking about. Maybe he has misguided anguish. Or something.

Miss October 14, 2008 at 9:05 PM  

Well-well... In any time of economic distress, who is usually the first ones to feel it, and feel it the hardest at that? The working class, women, minorities, and the uneducated! When the economic doo-doo hits the fan, it's usually us (yes, US) who lose our jobs first thanks to cuts, along with our benefits, raises, and incentives that allow us to buy stuff and keep the wonderful capitalism engine going.

Cavuto is one very ignorant idiot... He needs to spend a lot of time in someone else's shoes and stop making such ridiculous claims!

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