Boy Gets Tongue Stuck to Freezing Steel Fence Post for Second Time — Say’s He Didn’t Know

(sigh) Here We Go Again…

WASHINGTON — The Jus­tice Depart­ment is begin­ning a major cam­paign against banks and mort­gage bro­kers sus­pected of dis­crim­i­nat­ing against minor­ity appli­cants in lend­ing, open­ing a new front in the Obama administration’s response to the fore­clo­sure crisis.

Say!  How does a bank or mort­gage bro­ker con­vince every­body that it’s not dis­crim­i­nat­ing against minor­ity appli­cants?  Hmm.  That’s a hard one.  Let us pon­der awhile.

I know!  I know!  I know!  We can make lots of mort­gage loans to minor­ity peo­ple.  Whether or not they can qual­ify for them or can afford them or are lying through their teeth on the mort­gage application.

Then we sell all the risky ones to Fan­nie Mae or Fred­die Mac.  They’ll buy them ’cause they just got big blank checks for just this pur­pose.  That we we can show we didn’t dis­crim­i­nate and when a lot of these mort­gages go belly up we won’t be on the hook for them.  The gov­ern­ment will!

It’s nice to have a gov­ern­ment that is up to its ears in debt and fran­ti­cally try­ing to acquire more of it telling the banks how to do busi­ness with the advice and con­sent of Jesse Jackson.

One of these days they’re just going to let the lit­tle boy who cried

unnnhnn mmmnhnnn enh I cah caw aye eee uh eh!

hope he can hold out until the next thaw.

h/​t Dar­leen at Pro­tein Wisdom

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Tags: Fannie Mae, Freddie Mac, minority, morgtage