cry of the banshee wrotetraptunderice wrotecry of the banshee wrotePart of the interview process is assessing personality traits, demeanor, personal bearing, grooming, etc.They want a team player and that means someone that fits well with the existing team and it's collective personality.
But none of this is captured in or reflected by a name.As for the economic crisis, it can be traced back to 2002; it was postponed by the boom from the war economy. To claim that the loan defaults caused the crisis I think is making too broad of a claim. Not only were the lowest classes foreclosing on homes but even upper middle class families, partly because the lack of regulation let everyone, not just black and latinos like you're claiming, have mortgages they could not afford. I think many of these foreclosures can be related to job losses at the times and not just the fact that the mortgages were out of their relative price range. Did these banks not fuck themselves over by their own greed, slapping huge interest rates on people which it was already risky to loan to? And by luring these people in by framing it as affordable when months down the road the interest rate was going to jack up? Yes, these people should have known better but banks, who people expected to be able to trust for its own well-being, encouraged this practice. I think this is really complicated and you're trying to just pin it on blacks and latinos so you can claim govt is repeating the cycle when it is a wholly different economy which a similar policy to before is being implemented in.@[deleted]: It's funny that you call me a troll when your post is in no way contributing anything except that for some reason, according to you, I'm just wrong. You are fucking worthless, my friend.
Where did I claim that it was "just blacks and latinos" that couldn't afford their mortgages?There may have been a dip in the economy in 2002, but it pales in comparison to what happened after the housing bubble burst...<a class="postlink" href="http://data.bls.gov/pdq/SurveyOutputServlet?request_action=wh&graph_name=LN_cpsbref3">http://data.bls.gov/pdq/SurveyOutputSer ... N_cpsbref3</a>the highest unemployment during the Bush years was just over 6%.Hardly a crisis.bottom line, regardless of the economy, if you can't afford a home, don't apply for home ownership.Whatever happened to prudence and personal responsibility?There is a portion of society whose mantra is gimme gimme gimme where all da free stuff at? Is it any wonder they failed on their end of the bargain?Oh and you're right it's a wholly different economy... it's actually much worse now.
I agree that people were given loans that they shouldn't have, and this in large part caused the economic crisis, but you can't totally blame it on the people. The BANKS approved loans which never should have been given, and in many cases duped people into taking out loans that they shouldn't have. Housing prices were rising, so banks allowed people to borrow against them to pay off previous debt, but of course, as soon as housing prices stopped rising, then everything was fucked and people had to start defaulting.
But yeah, basic point: it just doesn't make sense to blame Americans who, in many cases, are not extremely knowledgeable in fiscal matters over people whose goddamn job it is to make sure this shit doesn't happen.
EDIT: Also, for the record, Bush is quite culpable for this happening with all of the deregulation of the bank and mortgage industries that went about under his watch.
Also also for the record, as far as I know, 2001 recession (caused by the burst of the tech bubble), isn't really connected to the 2008 recession (caused by the burst of the housing bubble).