Maybe not the way you think about it. The government did encourage groups like ACORN backed by the Justice Department and other instrument of political power, to coerce lenders into making loans they knew could not be repaid. Affirmative action lending was all the rage. For months we heard of how evil the banks were for redlining neighborhoods. We were told the bankers were <add conspiratorial whisper here> "racists".
But they weren't. They were assessing risk.
You might want to be careful here. I doubt race played any role in this. If you want to discuss the other issue, we can do that elsewhere with the proper foundation laid.
Predatory lenders knew the risk, which is why they moved it on down the line. This was not a case of lack of knowledge, but of an intent to get rich before anyone caught on to what they were doing.
Sure. But ownership based on the ability to pay for the home. Not on someone's ability to coerce a bank into making an affirmative action loan in the first place. ACORN, the Democrats, and the one term community organizing Marxist president Obama, have much of the blame for the 2008 collapse.
No one coerced banks to make a loan. OWhile I wish that teachers and policemen and fire figthers were all Obama's supporters, the fact is they are not so ideologically bent. Teachers, police officers, firefighters all vote for both democrats and conservatives. Some just see their jobs as important to all of us. And tha some who do include both liberals and conservatives.
Predatory lenders did so willingly, knowing exactly what they doing. And again, race had little to do with it.
This is similar for blaming a rape victim for being in the wrong place at the wrong time. How can one escape the Federal government's coercive measures?
That's an incredibily illogical leap there.