The Mudcat Café TM
Thread #115114   Message #2461079
Posted By: Azizi
09-Oct-08 - 10:36 AM
Thread Name: BS: Financial Crisis Explained
Subject: RE: BS: Financial Crisis Explained
Alanabit, I watched the video until shortly after the man acting like a financial consultant talked about the USA sub prime lending situation and mentioned the Black man in Alabama sitting on his porch. He lost me there. I think too many people-in part, urged on by the McCain/Sarah Palin political campaign-are simplifying matters by blaming this on Black folks. Those comments made in jest in that video clip were a turn off for me.

And I want to hasten to say, alanabit, that I don't think that you are the type of person who believes that this crisis is the more the fault of Black people or any other race/ethnicity of people who wanted to be homeowners more than it is the fault of the deregulated mortage lenders who took advantage of poor and working class people.

I feel for the people who are losing their homes and their retirement funds and other savings because of this financial crisis.

That said, I agree that sometimes you have to laugh so that you won't cry.