Please poduce the statistics that show when he won the presidency Countrywide stopped making CRA-style loans, and that the loans that they were forced to make by Clintnn during his presidency are a large part of the finance meltdown.

Please show where one of the parties involved in this discussion has made an assertion that gives your request relevance. If you can’t or won’t… why make it?

Sailer’s view of Countrywide is laid out in this article (also accessible via previously-linked articles).

Bush never made this threat. Please poduce the statistics that show when he won the presidency Countrywide stopped making CRA-style loans, and that the loans that they were forced to make by Clintnn during his presidency are a large part of the finance meltdown.

My bad — I guess I am not clearly defining what I mean by “Data”.

Allow me to present an example:

The Federal Reserve Board data shows that:

* More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions. These firms are not covered by the CRA

[snip]

Sources: Fed and FDIC amongst others

This is what I mean by data, from reputable sources, relating to the actual issue at hand.

Farther down, Sailer ripostes –

We’re discussing whether or not “Diversity was a major contributor to the mortgage meltdown.” I realize you wish to confine the discussion to the narrowest possible technical question of legal coverage of the Community Reinvestment Act, but you should also realize from doing your reading of my articles (you have read them by now, haven’t you?), that I’m well aware of that and have emphasized that the CRA was only one component in a much vaster web.

As for the statistics you cite, you should realize that the nonbank mortgage lenders, such as Countrywide, were told in no uncertain terms by the Clinton Administration that either they could start behaving like they were covered by the CRA or the CRA would be extended to them. Thus, Countrywide made pledges identical in form the pledges to loan more to minority and low income borrowers made by CRA-covered institutions up to Countrywide’s collapse.

[snip]

“That argument is entirely laughable — there are serious estimate of 3-4 trillions of losses in the USA in mortgage related finance, and soeboy argues that the small number of minority people who even own houses are responsible for a major part of that?…”

Who would defend the strawman arguments you’re ridiculing? You don’t appear to have read the linked articles prior to commenting.

That argument is entirely laughable — there are serious estimate of 3-4 trillions of losses in the USA in mortgage related finance, and soeboy argues that the small number of minority people who even own houses are responsible for a major part of that?

The Census web site has stats on how many minority people have mortgages and the average size of a mortgage; from memory it is a few million people and the average balance outstanding is something like 50k. And pretty few are defaulting.

But then how do most Real Americans imagine minority neighboruhoods to loook like? Well, unless Republicans are huge liars, mnority neiboughoods look like this:

* Rows of new huge mansions bought with no-repay CRA loans from Fannie Mae.
* The welfare queens getting off shiny new Cadillacs in each driveway.
* Sizzling smoke from the BBQ where strapping young bucks are grilling the t-bone steaks from foodstamps.
* The kids will leave after the party to start their degree course in ebonics with all-expenses paid guaranteed places at an Ivy league uni, thanks to affirmative action.

All this why poor white working middle families who have difficulty to make ends meet on $250k/y beause of the violent extortion of all the money neded to fund the lavish lifestyle of the priviledged minorities.