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LiTTLeDizZyUriNe (November 30, 1999 at 12:00 am)
i agree. its sad that this is prolly the ONLY actual fact fox has put out there but of course the way they even attempt to report it makes it sound like..."oh lets blame the risky brown folk" ((btw fuck fox news)) =)
swim73088 (November 30, 1999 at 12:00 am)
i know fox news spews utter crap allot of the time but i must admit they are right about this issue. the dems campaigned to give minorities (who are statistically way more likely to have poor credit ratings) mortgages they wouldn't in this lifetime hope to repay. it is not racist to state this, it is a fact. as much as I hate fox news they were stating the facts here.
Bacchant33rd (November 30, 1999 at 12:00 am)
The roots of the crisis go back to the early 1970s when finance was "liberalized" from the constraints of the post-war period (1945-1970). These constraints were instituted by the US & UK for a reason: because it was assumed CORRECTLY that allowing governments to control capital movements & currencies would provide a basis for rapidly expanding growth in trade, which indeed happened. It's the GOLDEN AGE OF MODERN CAPITALISM. FREEING these constraints RETARD growth & development. As it has done
kabloozie (November 30, 1999 at 12:00 am)
the next two years you're going to see places like Irvine, CA melt down - 80% of the homes purchased the last several years in that city alone were either ARM interest only loans, or negative amoritization loans - when they reset, you're gonna see huge defaults on those loans.
DanielHubb360 (November 30, 1999 at 12:00 am)
I was gonna say the same thing Kilo2176. I never hear any journalism on this show, just hate against fox news and taking things completely out of context.
DanielHubb360 (November 30, 1999 at 12:00 am)
Every guy has always liked phat(fat--so you dont think im stealing from you) asses man
smarthand (November 30, 1999 at 12:00 am)
Cavuto a hate monger, scared to death. Just listen to the words that comes out his mouth. Most importantly just listen to his voice. He has problems with his throat. He may have a big problem with his throat. Use your mind, ears and eyes. He's worried about Blacks. He better worry about his throat. I remember Peter Jennings sounding like Cavuto. Remember God is no respecter of persons.
Neetroplus (November 30, 1999 at 12:00 am)
Well maybe if they weren't loaning so much money to people then the prices wouldn't be so high and ordinary people could afford homes and other things like college for their kids!That guys just racist though. It had nothing to do with minorities. White people might be a minority already.
fagdrag1214 (November 30, 1999 at 12:00 am)
it is true, PC loans were pushed to get blacks into homes. they did get loans even if they could not afford it because of the risky minority loan requirements set do the fed.(supported by the democrats)
vwfoto (November 30, 1999 at 12:00 am)
He did not said Black or nigger. But He did said lending Minority is a big risk. Yes it's mean Black, Latin basiclly to Non whites. lending to people based on their minority status Blame on them ? Hm...................How about the CEO of INC |