Mortgage mess: Placing blame were it needs to go.

Here's an article from the usually right of center L.A. Times that places the blame for the mortgage crisis precisely where I said it should go in a previous post.

I worked closely with the mortgage industry over the past few years. I saw, first hand, how mortgage brokers and the banks underwriting their loans skirted the bounds of excess.

The incentives were to write as many loans as possible as quickly and as expediently as possible. The incentives weren't on the buyers. One mortgage company I worked with made cold calls every day to push loan products.

I was opposed to the bailout just for this reason.

Bigots trying to make African Americans to blame for mortgage crisis--Idiots

It seems that some people look for ways to target minorities for the ills that afflict the nation to a higher degree than most.

Some on the Right blame mortgage loans to black people for the mortgage crisis.

The tenacity with which bigotry holds on still bothers me.

Can't we all just get along?

There are just as many, if not more white people who stop paying their mortgages as black people. Most people with mortgages don't stop paying it because they mis-spend their money elsewhere; they do it because it becomes more important to put food in their mouths rather than pay a mortgage.

Maslow's hierarchy of needs wins out in the end. (Food before shelter, etc.).

To blame a group for the mortgage mess because it fits some stereotype shows the utter idiocy of those claiming it.

Shame, shame, shame.