This story is getting passed around the elderly, all-white, businesspeople circle that i have a toe in.
I think they may be smug about the fact that Blacks and Hispanics defaulted on many of their loans. Here is another story, by Stanley Kurtz, that basically lays the blame of the economic meltdown on defaulting Blacks and Latinos who went through ACORN to get their loans.
ACORN might pop up in the future as part of the large and diverse group responsible for this economic crisis:
The politicians, bought up and ready to preach. The bankers and lenders, bored with the ordinary games and desperate for those high-risk profits. Wall Street, with nothing better to do then create more financial instruments to play with and spread around the globe. And Americans, dumb enough to believe anything, yet save nothing.
The more fingers get pointed, the more of us will realize that it was the entire nation at fault. This is an indictment of foolishness and arrogance. It must be hard to swallow for a country used to hearing we are “the greatest force for good,” but its necessary. America can only move forward AFTER weathering crises like this one.
Newsweek drops some common sense into the bucket of foolishness we hear daily.
This site takes it a bit further and has a database of other interesting news.
Another small update:
Spengler is that guy you love to hate. He’s an intellectual realist with no love for dreamers. Here is why corruption in China forces them to invest here in the USA, where hockey mom’s ensure our freedom — only to pass it on to the Piano Children of China, while bombing the Sanctioned Orphans of the Middle East.