How White Collar Crime Helped Destroy Baltimore

Good Afternoon from Upper Darby!

I have had this post sitting on the back burner for some time and I'm only now getting around to it. This article highlights the complexities of how Whites and White-Jews in banking/finance and housing, used the Subprime Mortgage-Scheme to further profiteer off of Our People while also skillfully even targeting Blacks WHO COULD HAVE TAKEN OUT NORMAL MORTGAGE LOANS. Yet the Whites and White-Jews steered these Blacks into the subprime-scandal ON PURPOSE, but the half-breed Nigger-Traitor Obama not only bailed all of these THUGS out! He NEVER ARRESTED ANY OF THE GUILTY PARTIES.

Please note that the Whites claim we are in a War on Terror, let me REMIND YOU that IT IS TREASON TO INTENTIONALLY DESTROY A COUNTRY INTERNALLY WHILE IT IS AT WAR, yet? Not one White or White-Jew has been ARRESTED AND TRIED FOR TREASON. This of course means that THERE IS NO WAR ON TERROR. Because the undermining of the economy through the willful act of the subprime mortgage-scheme would MOST DEFINITELY fall underneath TREASON DURING WAR TIME. Of course THIS WAS WHAT REAL WARS LOOKED LIKE;

I've included these youtubes, because I still remember when the Draft was still in effect. It was called Selective Service and I still remember going over to the local Post Office in Chester, PA and filling out the form and then leaving pissed because I already knew if shit ever jumped off. I knew I was gonna get called up, meanwhile? We get treated like shit overtly and then UNDERMINED COVERTLY. I post these youtubes and say these words because White Politicians toss out words about being At War, while not giving TWO FUCKS that THEIR OWN ACTIONS, PRACTICES AND POLICIES SHOW WE'RE NOT AT WAR WITH ANY FUCKIN BODY THAT CAN REMOTELY DO THIS KIND OF SHIT THAT YOU SEE IN THIS YOUTUBE;

Notice in this video? YOU DO NOT SEE WOMEN RIDING ON THESE TANKS! YOU DO NOT SEE WOMEN FIRING AUTOMATIC WEAPONRY! I honestly believe that SOME of Our Women, listening to THE SHIT that Whitewomen talk, where when SHIT HITS THE FAN, just like those scumbags in McKinney who called the Nazi-Cops. When it hits the fan the Whitewomen will HAUL ASS AND CALL THE NAZI-COPS AND WHO SHOWS UP IN MASS, IN FORCE!? For all THE BULLSHIT Whitewomen talk about Feminism and Equality, when it hits the fan they CAN'T RUN FAST ENOUGH AND SHUT THE FUCK UP! To get THEIR WHITEMEN AND COME KILL, MAIM, ROB, SLAUGHTER, OR WHATEVER THE FUCK ELSE! WHOEVER THE FUCK ELSE, they say is "bothering them". You saw with the McKinney Video THAT WHITEMEN SHOWED UP IN FORCE AND IMMEDIATELY MADE IT CLEAR THEIR ONLY TARGET WAS ANYONE BLACK! So if you're STILL THINKING that somehow as a Black Person you're gonna get out of an ass-whipping and confrontation by being a Nigger-Traitor, I would suggest you REWATCH THE GERMAN ARMY HELL MARCH VIDEO ABOVE. Because there were A LOT OF JEWS WHO THOUGHT THAT SAME SELLOUT SHIT.

I've put all of this on here TO MAKE SURE YOUR FEET ARE ON THE GROUND. Whether it is OVERT OR COVERT, Whites have always made it clear that OUR LIVES, are expendable. And exploitable. When you see the tanks and armored vehicles with Ferguson and the Nazi-Cops in FULL COMBAT FATIGUES, aside from that being Overt-&-Obvious, for real? When you see that it's already TOO LATE. But this post is about the other side of the equation, where shit is COVERT. I've shown you the Overt to Remind you of what is at stake. But the Covert side of the Game is where we keep fucking up. And the following article reminds you of the Covert side of the Game where this has to do with WHY we have to talk to Our Children and tell them up front you need to be An Owner, not a borrower. You need to take this walk around the neighborhood with me so we can see what CAN WE DO to start SEIZING CONTROL OF SHIT. Telling Our Children to go to school to learn banking and business-finance, become ATTORNEYS. We need more DOCTORS AND CHEMIST. We need TO GET INTO THE MUNITIONS GAME. We DEFINITELY NEED MORE COMPUTER SCIENTIST and the only way we get that is by making it clear that as a Black Child THIS IS WHY EDUCATION IS IMPORTANT. Because we need to be able to PROVIDE FOR OUR COMMUNITIES AND EACH OTHER. We need MORE FARMERS. Marching to Washington DC ISN'T GONNA DO SHIT. So you'll have to excuse me FOR NOT JOINING YOU FOR THE 2ND TIME, because nothing fuckin happened OF NOTE FROM THE 1ST TIME.

We need RESULTS.
Not more REPEATS OF FAILED TACTICS.

Racial Penalties in Baltimore Mortgages

By THE EDITORIAL BOARDMAY 30, 2015

 The mortgage crisis that brought the economy to its knees seven years ago was especially devastating for black communities, where homeowners who qualified for safe, traditional mortgages were often steered into ruinously priced loans that paid off handsomely for brokers and lenders while leaving borrowers vulnerable to foreclosure. The crisis left many middle-class minority communities strewn with abandoned houses, further widening the already huge wealth gap between African-Americans and whites.

A study published this month in the journal Social Problems lays out how this happened in Baltimore in the run-up to the recession and comes at a time when the banking industry and its friends in Congress are fighting proposed federal rules that would make it much easier to ferret out discrimination and enforce fair-lending laws.

The research, by the sociologists Jacob Rugh, Len Albright and Douglas Massey, focuses on 3,027 loans made in Baltimore from 2000 to 2008 by Wells Fargo, which in 2012 agreed to pay $175 million to settle allegations of predatory lending in Baltimore and elsewhere. The study takes into account credit scores, income, down payments — all of the information that was available to brokers and lenders when these loans were made.

It found that black borrowers in Baltimore, especially those who lived in black neighborhoods, were charged higher rates and were disadvantaged at every point in the borrowing process compared with similarly situated whites. Had black borrowers been treated the same as white borrowers, the authors say, their loan default rate would have been considerably lower. Instead, discrimination harmed individuals and entire neighborhoods.

Over the life of a 30-year loan, the researchers say, these racial disparities would cost the average black borrower an extra $14,904 — and $15,948 for the average black borrower living in a black neighborhood — as compared with white borrowers. That money might otherwise have been put into savings, invested in children’s education, or used to improve health or living standards.

The racial penalty was highest for black borrowers earning over $50,000. This is consistent with other studies showing that brokers who earned more fees for larger, higher-cost loans deliberately targeted black families of means. As the study notes, these facts show that whiteness still confers “concrete advantages in the accumulation of wealth through homeownership” and that pervasive racial disadvantage continues to “undermine black socioeconomic status in the United States today.”

The discrimination that was apparently widespread in the mortgage crisis has been difficult to document, partly because the data that lenders were required to report to the federal government did not include crucial information like the property value, the term of the loan, the total points and fees, the duration of any teaser or introductory interest rates, and the applicant’s or borrower’s age and credit score. The Dodd-Frank financial reform law of 2010 sought to remedy that problem by directing the Consumer Financial Protection Bureau to require lenders to report this information.

The bureau needs to resist the pressure and make the final rules as strong as possible. The additional information would make it easier to determine if lenders are operating in accordance with fair-housing law.

Beyond that, federal regulators need to conduct regular audits of lenders to make sure that racial disparities are flagged and corrected before they become entrenched.