8/30/11

Banks encouraged to make cut-price loans to minorities

Encouraging a banker
Not content with triggering the housing collapse  by mandating loans for those who could not afford them, the Dems are at it again. Now the Justice Department wants  banks to make loans at below market rates to "help" minorities.  Except it won't "help"  them do anything but take on  more debt they can't afford to repay. The WSJ 's Mary Kissel has the whole story.