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2022-09-03 -Great Cultural Revolution
Bank of Amigo announces new zero-down mortgage program targeted at nonwhite borrowers
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Posted by Skidmark 2022-09-03 00:00|| || Front Page|| [11129 views ]  Top

#1 The next headline can be:
"People Withdraw Funds from Woke Bank, In Protest of their Discriminatory Lending Practices"

When asked the reason for their withdrawal of funds from the bank 97% of those surveyed site:
"Go Woke, Go Broke" or "Socialism is not Me"
Posted by Marilyn Shogum6384 2022-09-03 01:27||   2022-09-03 01:27|| Front Page Top

#2 bigger mortgages than they can afford

Maybe they know someone else is going to pay it off?
Posted by Dron66046 2022-09-03 01:50||   2022-09-03 01:50|| Front Page Top

#3 Maybe that's what the armed IRS is for?

'Pay up your whiteness tax! Lateefa will lose her home, you infernal devil!'
Posted by Dron66046 2022-09-03 01:53||   2022-09-03 01:53|| Front Page Top

#4 Gonna repeat the 2008 mortgage meltdown all over again by loaning to people who don't normally qualify for their mortgages and don't have to the cushion to make payments when conditions go south.

I see a great untapped mortgage market in 5 million newly arrived illegal aliens. No income or ID required.
Posted by Snash Shairt9621 2022-09-03 02:08||   2022-09-03 02:08|| Front Page Top

#5 The blue as well as comments 1 thru 4, all very insightful.

Some fellow homeowners and I are pleading with a local mayor and city council to not embrace a "low income" housing partnership with HUD, a planning company and developer. The body language and attitude displayed by the council at the recent city council meeting mirror that seen by school board meetings caught on national television. To say the council was openly dismissive of it's residents comments and concerns might be accurate. The attitude of "it's a done deal" shut up and eat your oatmeal, was palpable.

Regretfully, it would appear this prosperous, rapidly growing North-Georgia (read that 'escape Atlanta') bedroom community is going to have low-income housing despite citizen concerns and protests.
Posted by Besoeker 2022-09-03 02:26||   2022-09-03 02:26|| Front Page Top

#6 Unfortunately, that mayor and city council will be re-elected with ease.
Posted by DooDahMan 2022-09-03 03:56||   2022-09-03 03:56|| Front Page Top

#7 Yeah those developments go south after opening pretty quickly, B. When the 'tenants' have no vested interest in keeping their properties in a reasonable condition, and the landlords not having any recourse as HUD will intervene to protect their 'clients', the whole area changes from what you remember.
Posted by Mullah Richard 2022-09-03 06:51||   2022-09-03 06:51|| Front Page Top

#8 /\/\/\ When concerned citizens must register to speak in advance, are only provided 1.5 minutes to speak, when he or she is not responded to from the council or thanked and asked to leave written copies of their concerns for future action, when the 'old business' segment contains no mention of previous meeting citizen concerns, you sort of know what's up.

One older lady gave an impassioned plea regarding the plight of local deer and wildlife. The city council had to visibly restrain their smirks with iphones, mints, and doodling. Body language, it's so revealing.

I believe it's called....going through the motions.
Posted by Besoeker 2022-09-03 07:02||   2022-09-03 07:02|| Front Page Top

#9 Unfortunately, BoA is pretty much everything you want a bank to be if you are a typical checking account customer. I go where? Wells Fargo? Pulleeze. PNC. No way.

As it is, credit card skimmers have me using cash to buy gas and small purchases at mom n pops. As long as they service my account reliably, I don't see moving to make a protest that will not even register.
Posted by M. Murcek 2022-09-03 07:06||   2022-09-03 07:06|| Front Page Top

#10 Love the band. Love the album.

Besoeker said "going through the motions..."

Posted by M. Murcek 2022-09-03 07:23||   2022-09-03 07:23|| Front Page Top

#11 Forgetting the housing bubble and bad paper mortgage crash of 2008.

However, I can count on all those involved today have paper credentials hanging on their office walls.
Posted by Procopius2k 2022-09-03 07:24||   2022-09-03 07:24|| Front Page Top

#12 The housing mess of 2008 was created on Wall Street. The banks were basically just the barrel of the gun.
Posted by M. Murcek 2022-09-03 07:28||   2022-09-03 07:28|| Front Page Top

#13 

So, BOA has a home loan qualification process that awards better terms base on Race & Color?

Where is the DOJ for such an openly Racial Discrimination lending practice?

BTW:
According to OPENSECRETS.ORG, BOA donates lots $$$$$ to various campaigns.
Posted by NN2N1 2022-09-03 08:08||   2022-09-03 08:08|| Front Page Top

#14 There's a difference between shareholders and people with deposits. Allegedly, the Fed protects the depositors, the shareholders are on their own.
Posted by M. Murcek 2022-09-03 08:15||   2022-09-03 08:15|| Front Page Top

#15 No mention of interest rates or payment schedules, don't fn do it. I'd go with indenturement program.
Posted by swksvolFF 2022-09-03 10:34||   2022-09-03 10:34|| Front Page Top

#16 And this from the bank that the Wall Street Journal estimates lost over $74 billion in subprime loans back in 2008.

Some people never learn.
Posted by Tom 2022-09-03 11:38||   2022-09-03 11:38|| Front Page Top

#17 Maybe they know someone else is going to pay it off?

We all know who will pay it off.
Posted by Abu Uluque 2022-09-03 11:40||   2022-09-03 11:40|| Front Page Top

#18 FREE ZOMBIE BEANS AND RICE with new mortgage!
Posted by Sluse Grealet9429 2022-09-03 14:00||   2022-09-03 14:00|| Front Page Top

#19 Federal regulators for years have ‘encouraged’ regulated banks to make loans that a normal for profit lending institution would never make. They are usually not made based on race but based on areas with little to no economic activity (which often looks like race based to the casual observer). The fact they are announcing this is just a recognition of the game being played for years. Note that the regulated banks get generous tax breaks and ‘nice’ cooperation from regulators.
Posted by Airandee 2022-09-03 15:12||   2022-09-03 15:12|| Front Page Top

#20 How about this for anyone other than a White Man:

Enroll in College.
Get your $10k student loan.
Use that money to get a campus dorm, cafeteria program.
Go to first few classes to establish your enrollment.
Do some hustles to use loan money, like to buy books for others, then sell them to said person for 75% but straight cash.
Whatever expenses which can be, are paid with the student loan money up to but not over the $10k. Live a little with the football season pass or whatever collegeball thing you like. If not, sell tickets.
Work. Work a couple jobs. With rent and utilities and food paid for, gonna make good money.

Buy the hipster mafia with pizza and long tales of woe about not making the grade in class because the system and working two jobs to make the bills is institutionalism or such junk.

Anyone says poo, scream oppression and turn the hipsters loose.

White dude "tranny" could probably get away with it too. Bonus points for getting a team scholarship.

At worse, get a year's worth of income in 4 months. Maybe get a scholarship for dunking on Susie, or even a job in a HR department since you 'attended college' and have a work history.
Posted by swksvolFF 2022-09-03 20:41||   2022-09-03 20:41|| Front Page Top

#21 I just sold pot. Good money. Nice customers. Got the sheepskin and didn't do any borrowing.
Posted by M. Murcek  2022-09-03 21:47||   2022-09-03 21:47|| Front Page Top

23:42 trailing wife
23:15 rammer
23:09 SteveS
22:57 Skidmark
22:54 Skidmark
22:49 Skidmark
22:42 Skidmark
22:38 Skidmark
22:37 Skidmark
22:24 SteveS
22:16 trailing wife
22:10 Gloluse Bucket1658
21:59 Gloluse Bucket1658
21:47 M. Murcek
20:41 swksvolFF
20:32 Frank G
20:28 Skidmark
20:27 M. Murcek
20:26 Skidmark
20:22 trailing wife
20:19 M. Murcek
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