Akkam’s Razor

Naked on teh Internets.

Akkam’s Razor random header image

Wingnut Racism and the Finance Crisis.

October 10th, 2008 · No Comments

I was just forwarded the wingnut porno flick blaming brown people for our long, national, economic nightmare.   The central point of the video is that DC liberals forced minorities to buy mortgages they couldn’t afford, and it wrecked our economy.  Is it true?

No.

Low interest rates, plus speculation, plus derivatives, plus a lack of regulation and the manipulation of so called “free markets”, along with a staggering lack of trust caused the problem.  Now that it’s all going to shit, no one wants to get stuck with the check, without a seat when the music stops, or holding the hot potato.  They are counting on you being stupid enough to believe what they’re selling.

[Read more →]

Tags: Government · Politics