tag:blogger.com,1999:blog-9430835.post2492045882087876431..comments2024-03-27T18:24:19.683-07:00Comments on Steve Sailer: iSteve: Reality checks? We don't need no steenking reality checks!Unknownnoreply@blogger.comBlogger29125tag:blogger.com,1999:blog-9430835.post-47336267743959842372008-10-05T09:01:00.000-07:002008-10-05T09:01:00.000-07:00jaroslaw: “‘We called them ‘foreclosure loans’ be...<I>jaroslaw: “‘We called them ‘foreclosure loans’ because they were doomed to fail,’ said the agent, who didn’t want to be identified because she’s still in the industry. ‘The lender expected the borrower to lose the house and the bank would resell it for its higher appreciated value. But the market dropped and they got caught with their pants down.’”</I><BR/><BR/>Incredible that so many bankers/lenders could've been so unbelievably stupid. Did they really believe their own spiel that housing prices would <I>always</I> be/go up??Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-77829515887889482142008-10-05T08:58:00.000-07:002008-10-05T08:58:00.000-07:00anonymous @ 10/04: Just as surely as our currency...<I>anonymous @ 10/04: Just as surely as our currency will become severely devalued as an outcome of this crisis at some point, the term 'racist' will also lose its power as enough whites and Asians call shenanigans on the PC/diversity racket wrecking the country.</I><BR/><BR/>I think those two things are gonna go hand-in-hand. If our economy tanks -- I mean <I>really</I> tanks -- political correctness is just going to go right out the window. It simply won't be affordable for most people anymore.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-64997930160578069052008-10-05T00:26:00.000-07:002008-10-05T00:26:00.000-07:00This is bullshit. It has nothing to do with minori...<I>This is bullshit. It has nothing to do with minorities and everything to do with greedy corporations making bad loans.</I><BR/><BR/>Nope, it has a great deal to do with NAMs -- and probably Jewish Atheists, too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-24091081649435971032008-10-04T22:49:00.000-07:002008-10-04T22:49:00.000-07:00Lots of interesting news and stuff on real estate ...Lots of interesting news and stuff on real estate on my second fave blog (this being the first of course) here: <BR/><BR/>http://thehousingbubbleblog.com/index.html<BR/><BR/>A great quote today that gives another motive for everything: <BR/><BR/>“‘We called them ‘foreclosure loans’ because they were doomed to fail,’ said the agent, who didn’t want to be identified because she’s still in the industry. ‘The lender expected the borrower to lose the house and the bank would resell it for its higher appreciated value. But the market dropped and they got caught with their pants down.’”Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-55129797998701498402008-10-04T20:49:00.000-07:002008-10-04T20:49:00.000-07:00Anonymous:Are you open-mineded enough to admit tha...Anonymous:<BR/><BR/><I>Are you open-mineded enough to admit that "diversity" was part of the problem too?</I><BR/><BR/>I don't see how. Minorities are somewhat overrepresented in foreclosures, but that wouldn't have caused a serious problem unless those mortgages were overvalued by the financial institutions and sold and resold and used as collateral, all with shady accounting processes.<BR/><BR/>Think about it. The whole point of having higher interest rates on risky loans is that it should even out for the banks. The banks fucked up in their calculations, and then the financial institutions fucked up on top of them.<BR/><BR/>What if minorities had been only proportionately represented in foreclosures and bad loans? Would that have prevented the problem? Absolutely not.<BR/><BR/>Sailer implies that this whole financial mess has to do with an increasing Latino population, but even if all the bad loans were to Latinos, it's still the banks' job to set interest rates appropriately and it's still the financial companies' job to price those loans correctly.Jewish Atheisthttps://www.blogger.com/profile/04616617537150446818noreply@blogger.comtag:blogger.com,1999:blog-9430835.post-45149910010453140752008-10-04T20:33:00.000-07:002008-10-04T20:33:00.000-07:00There were people funding apartheid in South Afric...<I>There were people funding apartheid in South Africa as well, and perhaps the same deep pockets, so I shouldn't say I'm surprised.</I> - Laura<BR/><BR/>Oh yes Laura, lets talk about South Africa, bring it on!<BR/><BR/>And how is SA working out? Those shadowy forces who funded apartheid are out of the way, why arent things going so well? Well, one reason is the people who largely funded apartheid were...wait for it...white South Africans. And whats been happening to them?<BR/><BR/>Of course racism is strictly a one way street isnt it Laura, when blacks suffer thats racism, when Europeans suffer thats, at worst, bigotry and really nothing to get upset about.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-56685144176033840912008-10-04T19:49:00.000-07:002008-10-04T19:49:00.000-07:00Perhaps you are just shocked that some people don'...<I>Perhaps you are just shocked that some people don't actually buy this multi-cultural diversity crap which has been force-fed to us for the last forty years. There are more of us every day. Get used to it.</I><BR/><BR/>Amen, brother.<BR/><BR/>Just as surely as our currency will become severely devalued as an outcome of this crisis at some point, the term 'racist' will also lose its power as enough whites and Asians call shenanigans on the PC/diversity racket wrecking the country.<BR/><BR/>I'm almost (not quite) not afraid of being tarred with the R-word at this point.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-80496425653111623602008-10-04T18:43:00.000-07:002008-10-04T18:43:00.000-07:00"At least Palin got to where she is by her own eff..."At least Palin got to where she is by her own efforts,"<BR/><BR/>The next time you meet a successful man who says he got there without any help, ask him 'how old were you when you started changing your own diaper?'<BR/> -J. Paul Getty.<BR/><BR/>"I have no respect for people, such as the Obamas, who make there living as diversity specialists, community organizers, activists, or any of the other myriad names by which professional parasites are known."<BR/><BR/>I agree with you here Martin; I have no use for Limbaugh, Rushton, Taylor, Hannity or anyone who works for Faux News either.Truthhttps://www.blogger.com/profile/17286755693955361308noreply@blogger.comtag:blogger.com,1999:blog-9430835.post-32062403408155393182008-10-04T18:09:00.000-07:002008-10-04T18:09:00.000-07:00"laura said...To Steve Sailer,I rarely comment on ..."laura said...<BR/><BR/>To Steve Sailer,<BR/><BR/>I rarely comment on someone's blog only to express sadness, grief, disgust;...."<BR/><BR/>Laura,<BR/><BR/>Michelle Obama was employed by a Chicago hospital as some kind of diversity czar. Upon election of her husband to the U.S. Senate, her salary nearly doubled, which goes to show that her only real job was influence peddling.<BR/><BR/>I have no respect for people, such as the Obamas, who make there living as diversity specialists, community organizers, activists, or any of the other myriad names by which professional parasites are known.<BR/><BR/>Perhaps you are just shocked that some people don't actually buy this multi-cultural diversity crap which has been force-fed to us for the last forty years. There are more of us every day. Get used to it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-86244748338960172852008-10-04T18:02:00.000-07:002008-10-04T18:02:00.000-07:00"Big BIll said...Think about it. It was the truly ..."Big BIll said...<BR/><BR/>Think about it. It was the truly grotesque promiscuity of the homosexual community that caused the AIDS epidemic. Yet their self-inflicted suffering was magically converted into victimhood, which magically absolved them of any responsibility and turned them into sainted "Angels in America" -- Holy Victims of Homophobia."<BR/><BR/>Yes, this is a truly bizarre and self-defeating aspect of modern american culture - pariah into saint.<BR/><BR/>Consider how normalized muslims are becoming in this country after 9/11. A healthy society would have said "Well, if that's what arab students come here to do, then we'll just do without arab students". But now, we've officially welcomed still more muslims here. The President and all his flacks gas on endlessly with all of that "religion of peace" crap.<BR/><BR/>It also applied to the ghetto denizens who didn't get out of the way of Katrina, looted every store in sight after it hit, and then complained that "The Man" was trying to drown them by "blowing" the levies.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-2353692321308798212008-10-04T14:46:00.000-07:002008-10-04T14:46:00.000-07:00What a stunning little show by Ira Glass and his N...What a stunning little show by Ira Glass and his NPR buddies. Not that there was any secret to any of this, of course. Makes you wonder why M Glass et al. didn't blow the whistle years ago, doesn't it?<BR/><BR/>At least you would think they would be humble and admit that they and their New York friends don't have a clue how to run an economy or do good news reporting.<BR/><BR/>You would think that maybe now they would reconsider the replacement of Americans by Mexicans, or the offshoring of all American jobs. Or at least agree to pick up the entire tab for the Mexican Neo-Americans they keep fighting to import.<BR/><BR/>But no. They won't. They will find another reason to keep replacing us, eliminating us as soon as they can.<BR/><BR/>It will be a littl difficult, though, now that the Mexican construction jobs are gone. <BR/><BR/>The new immigration story is that "we evil white Americans led Mexicans astray, persuading them to abandon their families and their country and move to America to work. We cannot possibly force them home now that they don't have any jobs! We OWE them."<BR/><BR/>The Ira Glasses of this world will persuade us who have been losing jobs to illegals for decades to suck it up. They will tell us it is our duty to keep paying for illegals and their offspring from now on.<BR/><BR/>The crash will not be a reason to send them home, but a reason to Heal the World and take care of poor illegals who sacrificed themselves for us right here at home.<BR/><BR/>Think about it. It was the truly grotesque promiscuity of the homosexual community that caused the AIDS epidemic. Yet their self-inflicted suffering was magically converted into victimhood, which magically absolved them of any responsibility and turned them into sainted "Angels in America" -- Holy Victims of Homophobia.<BR/><BR/>Just so the coming crash will turn tens of millions of Mexican illegal workers into poor victims the rest of us must educate, feed, clothe, medicate, and shelter in perpetuity.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-31032262410446465082008-10-04T14:08:00.000-07:002008-10-04T14:08:00.000-07:00Robert Hume,Mr. Nathan, the subprime borrower inte...Robert Hume,<BR/><BR/>Mr. Nathan, the subprime borrower interviewed sounds African-American.<BR/><BR/><I>the white guy...pulling in 100 grand weekly from convincing people to buy houses they couldn't afford</I><BR/><BR/>Who would those 'people' be? If they were largely minorities who later defaulted on their mortgages, it seems characterizing the origin of the credit crunch as being caused by minorities defaulting is fairly accurate.<BR/><BR/>Of course, if minority mortgagees are not especially likely to default, we will not see sob stories about minorities losing their homes any time soon. Nor will we see stories about empty foreclosed homes blighting black and hispanic neighborhoods.<BR/><BR/>The diversity recession meme provides a great hurdle for 'blacks hardest hit' reporting. I look forward to seeing how it gets jumped.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-85933896140748761142008-10-04T13:56:00.000-07:002008-10-04T13:56:00.000-07:00JA,No one is saying that this mess is "all" blacks...JA,<BR/>No one is saying that this mess is "all" blacks and Hispanics fault. There's plenty of blame to go around, and sure, Wall Street greed certainly played a role. But there IS a "diversity" angle to this entire business, and it's not being talked about anywhere else. As for greedy capitalists being totally to blame, I've had many interesting experiences in this life, but I've never had a white guy jump out of the bushes with a Glock 9 and force me to take out a subprime mortgage. I'm willing to meet you halfway, JA - greed was part of the problem. Are you open-mineded enough to admit that "diversity" was part of the problem too?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-52075370655887856852008-10-04T13:15:00.000-07:002008-10-04T13:15:00.000-07:00anon. saidAt least Palin got to where she is by he...anon. said<BR/><BR/><I>At least Palin got to where she is by her own efforts, and has the class not to trash the country and system that made her rise possible, all of which is more than Michelle Obama can say.</I><BR/><BR/>Amen.<BR/><BR/>Isn't it clear Michelle Obama is an affirmative action witch of the first water? Her career and character consists entirely of hostility toward my people. And I'm supposed to pretend she's respectable and admirable? Do you think I was born yesterday? The effrontery of Linda types is enormous. MO is an enemy, period, and therefore so is <B>Mr.</B> Macbeth.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-36335598666521192832008-10-04T11:29:00.000-07:002008-10-04T11:29:00.000-07:00At least Palin got to where she is by her own effo...At least Palin got to where she is by her own efforts, and has the class not to trash the country and system that made her rise possible, all of which is more than Michelle Obama can say. And incidentally, Hunter Thompson was an over-rated hack, and I take great delight in imagining what his reaction would be to SS, assuming someone could teach him how to use the internet, and he was straight enough to read, which was seldom. Of course, what do I know? I'm just a greedy white man.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-52166304640781525242008-10-04T11:07:00.000-07:002008-10-04T11:07:00.000-07:00What percent were rich Jews, by your reckoning? Ne...<I>What percent were rich Jews, by your reckoning? New York money men and such? </I><BR/><BR/>Oh, I'm sure there were a significant number. My point isn't that this is "white people's" fault -- it's just that the idea that this is all the blacks' and Hispanics' fault is completely at odds with the facts. It's the financial institutions' fault.Jewish Atheisthttps://www.blogger.com/profile/04616617537150446818noreply@blogger.comtag:blogger.com,1999:blog-9430835.post-1605336674856481232008-10-04T08:27:00.000-07:002008-10-04T08:27:00.000-07:00Steve Sailer,I guess this comment is just for you ...Steve Sailer,<BR/><BR/>I guess this comment is just for you since you deleted my last comment. Did you listen to the rest of that This American Life Program...the one where he talked about this problem cutting across the entire society? Where he spoke about the white guy who used to be a bartender pulling in 100 grand weekly from convincing people to buy houses they couldn't afford...a guy who blew that money on partying with b list celebrities like Christina Aguilera? Your jab about the real problem being the hispanic people lacks any intellectual merit. But you disable comments that disagree with your very racial take on a problem that is far more complex and even interesting than blame it on the brown people. By the way I'm white--but I don't take that as proof of any kind of superiority, moral or intellectual, as you, apparently do.doloresflores_dhttps://www.blogger.com/profile/08346429767887522514noreply@blogger.comtag:blogger.com,1999:blog-9430835.post-22278063936448060192008-10-04T08:23:00.000-07:002008-10-04T08:23:00.000-07:00Anonymous said...Anonymous writes:"Well, I think t...Anonymous said...<BR/><BR/>Anonymous writes:<BR/>"Well, I think that the story described in this posting is much more indicative of the Meltdown Causes than all the talk of NAMs.<BR/><BR/> I *still* tend to doubt that all those illegal day-laborers hanging around outside Home Depot were carrying $300K mortgages, and that they eventual defaults triggered the collapse of Lehman Brothers..."<BR/><BR/>We might debate whether illegals were responsible for 10% or 50% of the debt, but the point is that the push to accomodate minorities with justifiably poor credit ratings made it necessary to offer the same rates to whites with poor credit ratings. (Who were, no doubt, just as "worthy" as the minorities."<BR/><BR/>So that's why those folks were available for NPR to interview.<BR/><BR/>As a side note, I wonder why no minorities were interviewed in the article. PC reasons? Or they were unrepentant? Or they were clearly criminal? Or they did not speak English? (But translators could solve that problem.)RobertHumehttps://www.blogger.com/profile/03913525250329418444noreply@blogger.comtag:blogger.com,1999:blog-9430835.post-49032554241336979402008-10-04T05:26:00.000-07:002008-10-04T05:26:00.000-07:00Most people here probably favor Obama over McCain ...Most people here probably favor Obama over McCain because of McCain's strange Bushlike fanaticism on the amnesty/CIR issue. Obama obviously has a high tolerance for anti-white racism, but if he has the same steely determination that McCain has to destroy the US he's being coy about it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-59319643015263090712008-10-04T04:50:00.000-07:002008-10-04T04:50:00.000-07:00Laura - Palin didn't get into Princeton because of...Laura - Palin didn't get into Princeton because of racial preferences, and then resent the whites who had given her this undeserved opportunity. <BR/><BR/>If there's any reason to despise Michelle Obama, it's for her bitter resentment towards a society which gave her undeserved success, not for her mediocre intellect.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-39968205278238289222008-10-04T01:06:00.000-07:002008-10-04T01:06:00.000-07:00To Steve Sailer, I rarely comment on someone's blo...To Steve Sailer,<BR/> <BR/>I rarely comment on someone's blog only to express sadness, grief, disgust; but I just read your post about Michelle Obama's college thesis written when she was 21 years old. I hope you are eating your words about her intellect if you are prepared to vote for Palin after her incoherent ramblings over the past month. Or don't grammatical errors bother you when they come from a hot white chick instead of a hot black one?<BR/><BR/>Racism sucks in the 21st century. It really does. And I notice that people can actually donate money to you for writing thinly veiled attacks on Michelle Obama. Nice. There were people funding apartheid in South Africa as well, and perhaps the same deep pockets, so I shouldn't say I'm surprised. But it isn't for her intellect that you despise Michelle Obama, but for the fact that she is more successful and important than you will ever be. And because you think that her skin color alone disqualifies her from rising above you in any way.<BR/><BR/>I don't know why but I have a sudden flash to a look of disgust that might pass over Hunter S. Thompson's, a liberal's, face at a column like yours. If he bothered to read it. Grrrr.doloresflores_dhttps://www.blogger.com/profile/08346429767887522514noreply@blogger.comtag:blogger.com,1999:blog-9430835.post-73248959240146984002008-10-04T00:33:00.000-07:002008-10-04T00:33:00.000-07:00"I guarantee you 99% of the people who caused this...<I>"I guarantee you 99% of the people who caused this problem were rich white guys."</I><BR/><BR/>What percent were rich Jews, by your reckoning? New York money men and such? <BR/><BR/>There's no one stupider and more unintentionally self-destructive than a Jewish atheist. <BR/><BR/>ChaimAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-58304494490667802682008-10-03T23:17:00.000-07:002008-10-03T23:17:00.000-07:00One thing I learned from readin Frank Partnoy's "F...One thing I learned from readin Frank Partnoy's "FIASCO" was never to buy structured paper from an investment bank. <BR/><BR/>http://www.amazon.com/Fiasco-Inside-Story-Street-Trader/dp/0140278796Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-86845918768763543672008-10-03T21:05:00.000-07:002008-10-03T21:05:00.000-07:00"Jun said...As we now know, they were using the wr..."Jun said...<BR/><BR/>As we now know, they were using the wrong data.<BR/><BR/>Gee -- that sounds familiar:<BR/><BR/>How Wall Street Lied to Its Computers"<BR/><BR/>Interesting article. Thanks for the link.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-6198081774540347762008-10-03T20:27:00.000-07:002008-10-03T20:27:00.000-07:00As we now know, they were using the wrong data.Gee...<I>As we now know, they were using the wrong data.</I><BR/><BR/>Gee -- that sounds familiar:<BR/><BR/><A HREF="http://bits.blogs.nytimes.com/2008/09/18/how-wall-streets-quants-lied-to-their-computers/" REL="nofollow">How Wall Street Lied to Its Computers</A>Anonymousnoreply@blogger.com