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    <channel>
      <title>Comments On: Black People Got Worse Loans Than Whites
    
      by Sarah Mirk</title>
      <link>http://blogtown.portlandmercury.com/BlogtownPDX/archives/2008/11/26/black_people_got_worse_loans_t</link>
      <atom:link href="http://www.portlandmercury.com/portland/Rss.xml?id=comments&amp;oid=951985" rel="self" type="application/rss+xml" />      <description>Comments On: Black People Got Worse Loans Than Whites
    
      by Sarah Mirk</description>
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      <pubDate>Sat, 21 Nov 2009 00:00:01 -0800</pubDate>
      <lastBuildDate>Sat, 21 Nov 2009 20:00:00 -0800</lastBuildDate>
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          <item>
    
    <title><![CDATA[Re: Black People Got Worse Loans Than Whites]]></title>
    
    
    <link><![CDATA[http://blogtown.portlandmercury.com/BlogtownPDX/archives/2008/11/26/black_people_got_worse_loans_t/#959461]]></link>
    
    <guid isPermaLink="true"><![CDATA[http://blogtown.portlandmercury.com/BlogtownPDX/archives/2008/11/26/black_people_got_worse_loans_t/#959461]]></guid>
    <author><![CDATA[A cat]]></author>
    <description>
      
      <![CDATA[The answer is yes, Shelley. When journalists make make shoddy use of language and/or fact-gathering, they deserve to be called on it. Anything less is to lie down and forfeit the actual importance of their calling.
        
        <br />
        
          Posted by <a href="http://www.portlandmercury.com/portland/Profile?oid=827086">A cat</a>]]>
    </description>
    <pubDate>Sat, 29 Nov 2008 17:58:32 -0800</pubDate> 
    <source url="http://www.portlandmercury.com">Portland Mercury</source>
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    <title><![CDATA[Re: Black People Got Worse Loans Than Whites]]></title>
    
    
    <link><![CDATA[http://blogtown.portlandmercury.com/BlogtownPDX/archives/2008/11/26/black_people_got_worse_loans_t/#956097]]></link>
    
    <guid isPermaLink="true"><![CDATA[http://blogtown.portlandmercury.com/BlogtownPDX/archives/2008/11/26/black_people_got_worse_loans_t/#956097]]></guid>
    <author><![CDATA[Shelley2U]]></author>
    <description>
      
      <![CDATA[Do people who comment on here really think that it is necessary to put others down because they don't agree with another person's opinion and/or calling someone a name because of the wordage another person used???<br>
<br>
Quit the bickering; life is too short!
        
        <br />
        
          Posted by <a href="http://www.portlandmercury.com/portland/Profile?oid=956096">Shelley2U</a>]]>
    </description>
    <pubDate>Fri, 28 Nov 2008 02:28:01 -0800</pubDate> 
    <source url="http://www.portlandmercury.com">Portland Mercury</source>
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    <title><![CDATA[Re: Black People Got Worse Loans Than Whites]]></title>
    
    
    <link><![CDATA[http://blogtown.portlandmercury.com/BlogtownPDX/archives/2008/11/26/black_people_got_worse_loans_t/#954312]]></link>
    
    <guid isPermaLink="true"><![CDATA[http://blogtown.portlandmercury.com/BlogtownPDX/archives/2008/11/26/black_people_got_worse_loans_t/#954312]]></guid>
    <author><![CDATA[wldgrdnr]]></author>
    <description>
      
      <![CDATA[If folks cannot qualify for loans from 10 places, but finally can qualify at one, then you have to think about what is going on.  People who have bad credit are high risks, period.  They can expect to pay more for loans than others because the banks are taking a much higher risk.  As we have seen, the banks should not have trusted these folks so much.  Now we are ALL paying for their loans!!!<br>
<br>
Everybody wants that gorgeous house and the new cars, but the truth is, unless you can afford it, you just aren't getting it.  <br>
<br>
I'm tired of people whining about loans they took out and could not pay.  If I used all the open credit I have, if I borrowed every dime the banks said I could, I'd be bankrupt.  You have to use a little common sense.
        
        <br />
        
          Posted by <a href="http://www.portlandmercury.com/portland/Profile?oid=954311">wldgrdnr</a>]]>
    </description>
    <pubDate>Thu, 27 Nov 2008 10:07:30 -0800</pubDate> 
    <source url="http://www.portlandmercury.com">Portland Mercury</source>
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    <title><![CDATA[Re: Black People Got Worse Loans Than Whites]]></title>
    
    
    <link><![CDATA[http://blogtown.portlandmercury.com/BlogtownPDX/archives/2008/11/26/black_people_got_worse_loans_t/#954302]]></link>
    
    <guid isPermaLink="true"><![CDATA[http://blogtown.portlandmercury.com/BlogtownPDX/archives/2008/11/26/black_people_got_worse_loans_t/#954302]]></guid>
    <author><![CDATA[Eye Opener]]></author>
    <description>
      
      <![CDATA[Sarah, do a little more research before you jump on the "Let's all bash WaMu" bandwagon.  Long Beach Mortgage was a WHOLESALE, subprime lender. Customers didn't "walk into a Long Beach Mortgage to get a loan", they went into their local mortgage broker shop to get a loan (who then "sold" the borrowers on the loan and Long Beach funded it / bought it at the closing table). In fact, Long Beach's 'customers' were the brokers, and borrowers were never in contact with the lender... only the broker. Greedy brokers were pushing higher rates to get more income in their pocket... because they could get away with it. Subprime loans were higher risk / higher rate because the borrower's credit sucked and they couldn't obtain (qualify for) a loan through conventional means. Local banks were not extending financing for borrowers with lower fico scores (under 620, for example)... so subprime lenders were usually the last option out there for those with recent BK's, past foreclosures or just plain crappy credit (500 - 620 fico scores). Let's not even mention how much fraud the brokers produced & perpetuated, just to make more money.<br>
Race is/was never a determining factor in qualifying for a loan. It's all about creditworthiness. If it just so happens that more people of a particular race or ethnic background have a poor credit history, maybe that has more to do with their own individual financial education or how they individually value their credit. How unfortunate that people keep playing up the race card.
        
        <br />
        
          Posted by <a href="http://www.portlandmercury.com/portland/Profile?oid=954301">Eye Opener</a>]]>
    </description>
    <pubDate>Thu, 27 Nov 2008 07:06:43 -0800</pubDate> 
    <source url="http://www.portlandmercury.com">Portland Mercury</source>
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    <title><![CDATA[Re: Black People Got Worse Loans Than Whites]]></title>
    
    
    <link><![CDATA[http://blogtown.portlandmercury.com/BlogtownPDX/archives/2008/11/26/black_people_got_worse_loans_t/#954188]]></link>
    
    <guid isPermaLink="true"><![CDATA[http://blogtown.portlandmercury.com/BlogtownPDX/archives/2008/11/26/black_people_got_worse_loans_t/#954188]]></guid>
    <author><![CDATA[A cat]]></author>
    <description>
      
      <![CDATA[Thirded. Whether used ironically or just sloppily, "irregardless" is just makes you look like an inbred fucktard.
        
        <br />
        
          Posted by <a href="http://www.portlandmercury.com/portland/Profile?oid=827086">A cat</a>]]>
    </description>
    <pubDate>Wed, 26 Nov 2008 22:18:18 -0800</pubDate> 
    <source url="http://www.portlandmercury.com">Portland Mercury</source>
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    <title><![CDATA[Re: Black People Got Worse Loans Than Whites]]></title>
    
    
    <link><![CDATA[http://blogtown.portlandmercury.com/BlogtownPDX/archives/2008/11/26/black_people_got_worse_loans_t/#954129]]></link>
    
    <guid isPermaLink="true"><![CDATA[http://blogtown.portlandmercury.com/BlogtownPDX/archives/2008/11/26/black_people_got_worse_loans_t/#954129]]></guid>
    <author><![CDATA[Suburban Porn King]]></author>
    <description>
      
      <![CDATA[You did not just use 'irregardless'! Oh no you di'in't!
        
        <br />
        
          Posted by <a href="http://www.portlandmercury.com/portland/Profile?oid=832604">Suburban Porn King</a>]]>
    </description>
    <pubDate>Wed, 26 Nov 2008 16:20:32 -0800</pubDate> 
    <source url="http://www.portlandmercury.com">Portland Mercury</source>
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    <title><![CDATA[Re: Black People Got Worse Loans Than Whites]]></title>
    
    
    <link><![CDATA[http://blogtown.portlandmercury.com/BlogtownPDX/archives/2008/11/26/black_people_got_worse_loans_t/#952136]]></link>
    
    <guid isPermaLink="true"><![CDATA[http://blogtown.portlandmercury.com/BlogtownPDX/archives/2008/11/26/black_people_got_worse_loans_t/#952136]]></guid>
    <author><![CDATA[D]]></author>
    <description>
      
      <![CDATA[That was the whole point of the federal acts passed to push loans for minority and low income buyers, whether they qualified or not. <br>
That's where the whole meltdown started. Banks were forced to give the loans, then flippers and everyone else decided to raid the artificial cash cow.<br>
Then mortgage banks found out - uh oh - no money to back em up and sold off the loans along with good ones.<br>
PS- please don't say 'irregardless'<br>
thanx
        
        <br />
        
          Posted by <a href="http://www.portlandmercury.com/portland/Profile?oid=836648">D</a>]]>
    </description>
    <pubDate>Wed, 26 Nov 2008 15:37:46 -0800</pubDate> 
    <source url="http://www.portlandmercury.com">Portland Mercury</source>
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