[lbo-talk] Sub-prime crisis in Kansas City

Chuck chuck at mutualaid.org
Fri Jan 4 10:04:53 PST 2008


Wojtek Sokolowski wrote:
> Two points.
>
> 1. None of the links provided in this thread actually
> works. What is wrong?
>
> 2. I think that any hint that the subprime loan is
> some form of corporate conspiracy against people of
> color is ludicrous. How on earth is such a conspiracy
> supposed to work?

Where did I ever say anything about a conspiracy? I agree with you that most capitalists are simply out to make money any way they can, but I was pointing out that the subprime scam primarily preyed on poor people of color, similar to how predatory lending works.

Chuck



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