Wonkette
- THE BLACKS DID IT: Speaking of Neil Cavuto, here he is blaming the entire financial crisis on Fannie & Freddie loaning to “minorities and risky folks.” Why did
Michael SteeleBarack Obama lock into mortgages he couldn’t afford? [Media Matters]
GOOD SWEET JESUS GOD MAN!
Read More:
3:54 PM
on Mon September 22 2008
By
Jim Newell
2200 Views
“Minorities and ‘risky folks’”? So, pretty much “Americans”. Gotcha.
Old news. Larry Kudlow blamed the whole thing on the poor wanting homes and other useless crap, last week. The nerve of those people, actually wanting the American dream!
God, what a douche.
Cavuto is Fox’s Trig Palin.
Someone with a brain help me out. Why did lenders offer ARMs?
Yeah, why did those unscrupulous mortgage seekers hold a gun to the lenders heads and make them give them a mortgage they couldn’t afford?
I’m surprise that fat white rage didn’t pop that clip on tie of his.
Funny thing, though: minorities didn’t get $700 billion in new housing over the last 5 years, the value of the ‘bailout’.
If this were the cause of a crisis at this scale, then the percentage of minority and low-income people who owned their own homes would now be at 100%.
Let’s not forget that original federal bailout - reneging on “40 acres and a mule.”
white people still have some prejudice against black people
But at least least we all can agree that “minority” and “unqualified for a loan” are synonymous, yes?
sell him to china. cheep.
Try lending to only jews next time. We’re the minority that always give great return on investment.
Poor Eliot Spitzer! I bet his head is about to explode about now.
http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR2008021302783.html
Try to stand up for the poor and minorities against BIG BANKING in America and get slapped down by Bush with a Law from 1863.
You also lose your diamond whore.
Wow. I mean seriously, wow. If you can get a fair and balanced statement about persons of color on Fox News, where CAN you get one?
Kev-O-Tron: An insult to learning disabled infants.
…plus, it keeps you from killing us. Most of the time.
So, does Cavuto get to go to China with the other racists, or does he suck Saudi dick with GWB? Perhaps we need a whole new category for the fine upstanding douchebags at Fox.
WIDTAP: Cavuto can agree with it and say it on the air! With no repercussions! Now that’s white privilege we can believe in!
Is Cavuto an Italian name? Can we bring back the time in which Italians were considered a racial minority? I’ll be happy to be a Slavic scapegoat if Cavuto can suddenly be considered a risky loan by his own definition.
Fucking Cavuto. Love that guy. Now if he would only say such stupid shit while not surrounded by armed security and slack-jawed surrogates on the streets of this fine New York City. Then we can see how much he means it.
But I guess when all white people want to do is not have their precious, affluent lives menaced by ungrateful minororities (to use and Archie Bunker term), you can see he has a valid point.
Neil Cavuto is what farts look like in outer space.
I just knew poor people were somehow to blame for this mess!
sati demise: Very telling indeed. Why has this not caught the national news eye? Our sense of history is so myopic.
On a completely unrelated note, can Wonkette stay old school and not try any of that new-fangled commenting crap that is going on over at Gawker and Deadspin?
It makes my brain cry.
Cavuto=tool
Just read that Palin will meet with 7 world leaders to boost her world affairs cred, and…
Palin also will sit down with rock star and humanitarian activist Bono.
I’m going to be really pissed if Bono comes out of that meeting and says anything to validate her candidacy (I’m irked he’s meeting her at all).
AnnieGetYourFun: irony win!
Don’t go putting words in Cavuto’s mouth. I think he meant that people who could afford a house were in the minority. I’m sure he would not make a sweeping generalization.
Unless it was against the Muslins.
I am thinking it is actually American Indians who are at fault because if they had just tried a little harder to keep the white man from raping, pillaging, giving smallpox to, and otherwise extirminating their populations, then rich, white guys would not be in charge and would have not been conned by these tricky minorities into lending them money. Right?
FAIL.
Oh, lordy. Caribou Barbie was an abortion clinic blocker, according to the satanic orange beast: http://www.dailykos.com/storyonly/2008/9/22/111758/142/760/606399
AnnieGetYourFun: Sounds like a Wop to me.
StripesAndPlaids: . . . Dude, it’s Neil Cavuto. If he’s not making sweeping, right-wing generalizations, he’s not talking.
Umm, not for nothin’, but I think it was middle class asshats who had to have the 4 bedroom center hall colonial with great room and marble floors, and granite countertops, and all that shit that signed on for mortgage they knew they couldn’t afford. But in this great American society, we pass off the responsibility to others. “the bank wouldn’t approve me if they didn’t think I could pay”. Christ the whole thing pisses me off.
Cogito Ergo Bibo: holy hell. She was just there to make sure that Bristol wasn’t trying to sneak by.
This just in! Time magazine claims America is now French territory. Pass the cake.
http://www.time.com/time/nation/article/0,8599,1843168,00.html?imw=Y
At the rate this election is going, Fox will be openly calling Obama a n*gger in less than a month and Michelle’s infamous fake whitey tape will be on every channel. I, for one, welcome the day when everyone finally just lays all this race shit on the table.
I remember a girl in college describing the opening scene of “Grand Canyon” to me one day in the dining hall. See said is was very foreboding, “you know, black people in cars.”
As a black person, occasionally known to ride in cars, that observation didn’t have the desired impact.
AnnieGetYourFun: Aarrrgh. As if Alito and Scalia weren’t enough. I weep for my people.
JadedDIssonance: Or she was actually there about Trig and saw someone she knew. “Oh. Right. Just here for some civil disobedience! Yep. Yes siree. That’s why I’m here.”
He’s just making a suggestion in CLUE - It was the blacks, with the no monies, in the white man’s America.
irisheyes: It’s a flaw in the system. The entire financial system in this country has been designed since the Industrial Revolution to get people to buy things they don’t need when they don’t have the money for them. I guess the only miracle is that it took this long to collapse.
Strictly for the Tardcore: There is that.
Delicious: Bono is a fucking overhyped loser so who gives a shit what he thinks? Thom Yorke would vote Obama, and that’s really all that matters to me.
facehead: Ooo. Do we get a 37 hour week, the entire month of August off of work and universal healthcare? ‘Cause that would be just aces!
Strictly for the Tardcore: Not long until minorities=white people.
Tick tick tick, Neil.
Anybody else calling the committees to tell them to fuck off with this bailout? Here are the lists. If you’re in these districts, tell them you’d rather not help out these crackers no matter what all these poor people have done to ruin Wall Street, where they have such a presence.
House Douche:
http://financialservices.house.gov/who.html
Senate Douche:
http://banking.senate.gov/public/index.cfm?FuseAction=Information.Membership
Living beyond your means is the American way. Why is it only bad when blacks do it and not, say when financial institutions do it?
I call bullshit, Neil. Everyone knows that if the Negros were involved, the stock market would be going uppity, not downity.
Cogito Ergo Bibo: “Oh this? This copy of Our Bodies Our Selves? This is for the book bonfire later, yeah! You betcha! See ya there!”
There’s your half-assed ‘Ownership Society’, Dubya. Should have imbued it with information and oversight, something a lowly Community Organizer could have done (with incredible results). Instead, you wrote a blank check to a bunch of money grubbing whores, much like yourself, who knew better. But in those minds, they were doing the work of Jesus or whomever, pitching an Option ARM to a minority family or some loan-challenged fuck who didn’t fully understand it. You were helping those poor indigent people!
See you in Hell!
Doglessliberal: If goddamn Pangea hadn’t split off into separate land masses…
Cogito Ergo Bibo: So Palin is now a heartbeat away from bombing the next Olympics as well?
MargeSimpsonsBlackFriend: I am not a religious man, by any stretch. It has been more than half my life since I’ve attended a regular church service, and indeed, I feel the absence of God more profoundly than I ever felt His/Her presence.
And I’m praying to Yahweh, Allah, Zeus, Odin, Ameterasu, Shiva, and Wayne Reynolds that Old Spice drops the N-Bomb on Barry in anger during the debates. Every moderate in the country would flee WcCain like hotel guests from Russell Crowe.
Have you seen the New York Daily News talking about John McCain’s 50 year old Rio affair? They found the woman, and she said of Walnuts, and I quote:
“”He was a lovely person and loved to go out with me. I called him ‘John’ but he was my dear and my coconut dessert”
Full article can be found here:
http://www.nydailynews.com/news/politics/2008/09/20/2008-09-20_brazilian_beauty_recalls_hot_rio_affair_.html
Delicious: Ten bucks Bono reaches over and snatches Palin so bald-headed that Sinead O’Connor would be jealous.
I want my Presidential debates hosted by Henry Rollins.
yes, sports fans, it’s time for the repugs to energize the all-important racist voting bloc…since it doesn’t look like the anti-gay marriage bloc can be energized this time. you watch: over the next couple of weeks, every opportunity will be used to paint or associate Obamaman as 1) Black (wink, wink) and 2) Uppity.
OuterBoroughPrincess: O dear… I hope you got a good laugh out of that, because I find it hilariously depressing.
SayItWithWookies: But you’re one of the good ones, SIWW.
I’m sorry guys, it was us overachieving Asians who did it. We really raised the bar for everyone, forcing them to buy houses they couldn’t afford.
Oh, btw, fuck you Cavuto.
Dernyul: The only folks I wrote were my lovely Senators Webb and Warner. Me likes ‘em. HOWEVER, my attempt to write Representative Douche Virgil Goode of the “Mooslims aren’t allowed to be sworn into Congress on Jefferson’s Koran” variety ended with the following message on his website:
We will not be receiving emails again until Friday September 5 at 9:00AM. If you need to contact Congressman Goode, you may fax him at 540-484-1459 or call 540-484-1254. These messages will be checked throughout this time period.
Three things: (1) obviously, it’s now September 22, IN AN ELECTION YEAR FOR HIM AND HIS CONSTITUENTS ARE LIGHTING THEIR COLLECTIVE FINANCIAL HAIR ON FIRE; (2) this isn’t an answer you receive AFTER you send an email; you are actually prevented from sending him an email at all; and (3) no toll free number? Seriously? I’m in his district and I’m in a 434 area code.
VA 5th District: do not let this man back into Washington. Seriously.
OuterBoroughPrincess: That’ll teach you to DWB.
Had I only known that all the troubles of the universe could be laid at the feet of uppity swarthies, I might have reconsidered my liberal stance of allowing them to live nearby. Or live.
I apologize to Ron Fournier. Apparently it is alright to hate blacks because they do such shifty sneaky shit.
Meanwhile, back here on Planet Earth, the Great Prophet Woody did verily bear the following witness:
When all else fails, Republicans put on their white hoods and blame the minorities. What fucking douchebag, racist, twats. At least Adolph Hitler had the decency to wait until the Great Depression was in full swing to start blaming the Jews. Apparently the GOP is just chomping at the bit and can’t wait that long.
tunamelt: Fucking continents!
SayItWithWookies: But you maka sucha gooda spaghetti!
StripesAndPlaids: “Coconuts” is so much better than “Walnuts”
Ooops. Bad Canuckledipshit.
From the Great Prophet Woody:
Pretty Boy Floyd
If you’ll gather ’round me, children,
A story I will tell
‘Bout Pretty Boy Floyd, an outlaw,
Oklahoma knew him well.
It was in the town of Shawnee,
A Saturday afternoon,
His wife beside him in his wagon
As into town they rode.
There a deputy sheriff approached him
In a manner rather rude,
Vulgar words of anger,
An’ his wife she overheard.
Pretty Boy grabbed a log chain,
And the deputy grabbed his gun;
In the fight that followed
He laid that deputy down.
Then he took to the trees and timber
To live a life of shame;
Every crime in Oklahoma
Was added to his name.
But a many a starving farmer
The same old story told
How the outlaw paid their mortgage
And saved their little homes.
Others tell you ’bout a stranger
That come to beg a meal,
Underneath his napkin
Left a thousand dollar bill.
It was in Oklahoma City,
It was on a Christmas Day,
There was a whole car load of groceries
Come with a note to say:
Well, you say that I’m an outlaw,
You say that I’m a thief.
Here’s a Christmas dinner
For the families on relief.
Yes, as through this world I’ve wandered
I’ve seen lots of funny men;
Some will rob you with a six-gun,
And some with a fountain pen.
And as through your life you travel,
Yes, as through your life you roam,
You won’t never see an outlaw
Drive a family from their home.
Fuck you Neil.
Strictly for the Tardcore: I am not religious either. Call me a cynic (you wouldn’t be the first), but I think if she did drop the N-bomb it wouldn’t make much of a difference. The rationalization will be “Oh well, I still hate Obama’s policies so that’s why I’m voting for McCain” etc.
DieOnTheTurnpike: With luck, doesn’t that she’ll hiding in the woods of North Carolina eating berries, soon after that?
StripesAndPlaids: Hells Yes, Brazilians are hot! Go McCoconuts!
…I just almost typed McCocuntnuts, heh heh.
MargeSimpsonsBlackFriend: That would be awesome.
Remind me to tell my mom that she’s responsible for the entire financial crisis. So what if she can pay her mortgage and is current if she’s still black. Damn you, Mom!
Hamster: facehead: I agree. Coconuts it should be!
OuterBoroughPrincess: What? That’s baffling.
McCoconuts!
Hah.
StripesAndPlaids: I venture dessert these days would require liquefication, a sippycup and a nap after.
Canuckledragger: I thought you were going to quote Woody Allen who just said something like..’if Americans dont elect Hopey the world will hate us’.
but yeah, the Bushies neutered Eliot Spitzer so they could keep on driving families from their homes for two more years.
I just sort of the liked the fact that the congressman referred to banks as “Moneychangers.” Excellent biblical reference. Jesus will fix the financial meltdown.
AnnieGetYourFun: It was Massachusetts in the early 90s. Nothing made sense. facehead: I guess the fact that this happened more than 15 years ago, and I still remember it is kind of telling . . . It’s amazing the things people would say, followed by the exculaptory, “But, I don’t think of you as black!”
Kind of the same thought process that led to Bill O’Reilly’s account of his “adventures at Sylvia’s.” He meant it as a COMPLIMENT!
Delicious: The restrictions on Fannie and Freddie were lifted a few years back, which allowed lenders to punt the risk from the loan on to them while making fat servicing dollars. Fannie and Freddie and everyone else involved in the Alt-A/subprime fiasco bundled these loans together with some of their light sweet mortgages, and punted them to Wall Street in the form of mortgage backed securities. Because the interest rates on ARMs, Alt-A’s, and subprimes are so much higher than those who got a vanilla loan, they looked attractive to investors, and since there were a minimal number of good loans sprinkled in those MBSs, insurance agencies backed them and rating agencies gave them their highest rating. Long story short, ARMs and other exotic mortgages were done to drive up market share and stock prices in the run-up to the bursting of the bubble, with the full knowledge of the executives in charge. I work in Simi….. I know.
OuterBoroughPrincess: I was there in the late 1990s. Nothing made sense then either.
facehead: I, for one, welcome our new frenchie overlords. Hail to the Frogs.
Baseproduct: One should add that prior 2007 Freddie determined the soundness of a mortgage (and whether Freddie could buy it for its own portfolio) based on whether a proposed homeowner could afford the (introductory) “sucker-rate” monthly payments as opposed to the increased monthly mortgage paymemts that happened when the interest rate jumped a year or two down the line.
As for me, I favor this ultimate form of regulation: http://www.rjgeib.com/thoughts/french/robes.jpg
S.Luggo: I can’t see what that picture is of, but if it’s Robespierre, can we start the terror at Angelo Mozillo’s place?
According to P. Krughman today in NYT:
…”Mr. Paulson is also demanding dictatorial authority, plus immunity from review ‘by any court of law or any administrative agency,’”
Right now, 3 months before the arrival of a new government. This bailout proposal is like a big scam, the Nigerian emailer meets Dart Vader.
Hmm. Some simple math, mostly because I’m feeling too lazy to look anything up:
120 million US households * $600 rebate each * 8 years = $672 million.
+
$1 trillion supid war with a lot of accounting black holes
+
$700 million unaccountable bail out
Looks like someone’s trying to cash for retirement
Baseproduct: We could, but let’s start with either Phil Gramm or Neil Cavutto.
http://www1.istockphoto.com/file_thumbview_approve/2662649/2/istockphoto_2662649_guillotine.jpg
Borat:
3 Trillion for the war
700 Billion for the bankers
0% gain in stock market * 8 years
$7,000 decline in yearly income
SayItWithWookies: We’ll happily trade you Lieberman and Abramoff…
I expect on his next show, he’s going to say something along the order of “Ok minorities, now I’m going to close my eyes, and when I open them I expect you to have returned all of the White People’s money”.