[lbo-talk] "Fannie Mae and Freddie Mac are to blame!"

[Nathan S.]

On 10/18/2011 10:59 PM, Jordan Hayes wrote:
> Nathan S. writes:
>
>> And hidden beneath that is the reality that homemoanership is
>> the only way to achieve full citizenship in most of America
>> since the rise of consumer credit.
>
> I didn't want to start up that whole racism thread again, but if you 
> think that only white people should own houses, you should be for the 
> dismantling of the GSEs.
>
> /jordan
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No, that wasn't my intent--I'm not sure what you mean exactly--but to 
oversimplify there's a strong component of 'honor' and 'significance' 
involved, or was, with signing a mortgage. That aside, I realize I did 
gloss over the entire racial dynamic here as far as helping (in theory) 
minorities achieve some sort of socioeconomic equality. My own 
preference would be that renting be as respectable as buying, and like 
the song goes, "we can, you know we can..."

-- 
Nathan