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Post a Comment On: Steve Sailer: iSteve

"A trillion dollars here, a trillion dollars there, pretty soon you're talking about down the Memory Hole"

21 Comments -

1 – 21 of 21
Anonymous peterike said...

I searched on "Countrywide minority fraud" and got

About 6,920,000 results

10/24/12, 6:25 PM

Anonymous Anonymous said...

What is Angelo Mozilo google gaydar?

10/24/12, 6:56 PM

Blogger Steve Sailer said...

"What is Angelo Mozilo google gaydar?"

Zero.

But he scores 29 on Google Tandar.

10/24/12, 7:00 PM

Blogger Steve Sailer said...

Disappointingly, Mozilo scores zero on Google Oompa-Loompadar.

10/24/12, 7:01 PM

Blogger Steve Sailer said...

Which is odd, because

angelo mozilo oompa-loompa

brings up 2,220 results, including 300 images.

I guess the explanation for the failure of Google Oompa-Loompadar is that nobody searches on

angelo mozilo oompa-loompa

10/24/12, 7:05 PM

Anonymous Hail said...

The Diversity Recession meets the Memory Hole.

10/24/12, 7:35 PM

Anonymous Matthew said...

$1 trillion is roughly twice the GDP of South Africa, which has about as many people as the USA has blacks, and which is basically* the richest country in Africa (thanks almost entirely to whites, Asians, and God's decision to put a lot of diamonds there); it is 60% of the GDP of Mexico, which has about 33% more NAMs than the USA does (and Mexican NAMs are probably smarter on average than our NAMs).

One single company was promising to lend that much to a population that, on its own, produces a level of wealth somewhere between that of Sub-Saharan Africa and Central America. That doesn't count all the other money lent to this poplation from other banks, mortgage lenders and, especially, payday lenders.

I realize that GDP != assets, but there is a strong connection between the two. Homes are only worth what a population can afford to pay from its earnings.

* I exclude Equatorial Guinea, a very tiny nation with very large oil reserves.

10/24/12, 7:39 PM

Anonymous Matthew said...

"I searched on "Countrywide minority fraud" and got about 6,920,000 results."

The only acceptable storyline is that these lenders were robbing minorities, rather than the US goverment. It's still a hatefact to suggest that banks shouldn't have been leding to these people, i.e., lenders weren't lending them too much, they were just charging them too much.

10/24/12, 7:43 PM

Anonymous JI said...

It's weird what gets turned into news in America and what gets ignored. It really seems that the news media picks stories based more on supporting their predominant ideologies than in a genuine desire to make money.

10/24/12, 7:52 PM

Blogger Eric said...

It really seems that the news media picks stories based more on supporting their predominant ideologies than in a genuine desire to make money.

I think that's absolutely true. People buy media outlets (especially newspapers) because of the power that goes along with it, not for the money. The NYT has lost $300m since 2005, and yet the publisher doesn't want to make any changes that would reduce the paper's visibility.

Reportedly, the New York Post loses $40m every year, but it gives Rupert Murdock a big megaphone in NYC, so he doesn't care.

10/24/12, 9:08 PM

Anonymous Kyle kopelovich said...

Steve,

You are absolutely wrong about this. More whites have defaulted on their mortgages than have minorities. Look it up.

Also many of these banks practice racist practices such as denying homeownership to people based solely on the color of their skin. That is why I am glad the great conservative George Bush helped more minorities then ever before own homes.

10/24/12, 9:40 PM

Anonymous eah said...

Of course the real mistake wasn't lax lending to 'minorities' -- that was, and would still be today, applauded. The mistake was packaging those loans into MBS and selling them on to private investors. They should've just quietly QE'd that money into existence. When's the last time you checked what's on the Fed's balance sheet? Ron Paul is ridiculed for trying to audit the Federal Reserve.

Dumb 'diversity' pimps.

10/24/12, 10:50 PM

Anonymous Anonymous said...

You are absolutely wrong about this. More whites have defaulted on their mortgages than have minorities. Look it up.

I'm confused. Are you pulling this out of the air, or do you actually have numbers demonstrating this?

10/24/12, 11:34 PM

Anonymous Anonymous said...

In fact this is terrible news, since the USA is only just beginning its slide into the 'minority/majority' paradigm.
As Steve says the fact the one trillion dollars has gone 'walkies' without anyone apparently noticing or caring (and crashed half the world in the process, threatening civil war in Spain and Greece, of all places), is beyond elephant in the room ridiculous, it's more like having Godzilla in the lounge laying down dino sized coprolites every 5 seconds and pretending he's not there.
But, alas, 'miorities' and all that pertain to them are beyond reproach. What this madness bodes for the future, who knows?, even if California living standards are crashed down to sub-Bolivian dirt farming ( with a thriving bit of porn on the side), the proerbial Nelson's eye will keep being turned.
No whitey involved, you see.

10/25/12, 12:12 AM

Blogger The Anti-Gnostic said...

As Steve says the fact the one trillion dollars has gone 'walkies' without anyone apparently noticing or caring (and crashed half the world in the process, threatening civil war in Spain and Greece, of all places), is beyond elephant in the room ridiculous, it's more like having Godzilla in the lounge laying down dino sized coprolites every 5 seconds and pretending he's not there.

Supposedly, we didn't miss a beat because the Fed intervened on the supply side and papered over a trillion or so in asset values. Recall that the Fed recently committed to buying up $40 BILLION a month in MBS's from now to 2013. The Godzilla-poop is apparently still out there. They're buying up over half of UST's every year too.

That's a lot of new money but so far, no $20 loaves of bread. Do the Keynesians really have it all figured out?

10/25/12, 4:53 AM

Anonymous peterike said...

Also many of these banks practice racist practices such as denying homeownership to people based solely on the color of their skin. That is why I am glad the great conservative George Bush helped more minorities then ever before own homes.

I gotta say, for a troll, kopelovich is an interesting case. He's kind of taking trolling to a different place.

First, we get a blatant bit of racial demagoguery, a bald-faced lie. But a typical one. Kopes sounds like a standard-issue Leftist robot at first.

But then he follows this with a shout-out to George Bush. And the shout out is just straight-up enough to feel like it might be sarcastic.

These are very carefully trimmed hedges here. Makes me wonder if Kope is a reasonably smart guy who has been media and university brainwashed and is hence confused and wrong about almost everything, but he means what he says. Or is he deliberately playing some kind of new troll game where he bounces around ideologically.

Either way, he sure comes out with a load of really dumb shit.

10/25/12, 6:39 AM

OpenID hailtoyou said...


"banks practice racist practices such as denying homeownership to people based solely on the color of their skin"

Assuming you are correct, for the sake of discussion, and that such a conspiracy does exist:

You are implying Arbitrary Racism. Why would Whites have wanted to avoid bringing-in Blacks into White neighborhoods? Is it wrong to want to associate with one's own people? Is the self-declared Black man, Ol' Barry Hussein Obama, a racist for choosing a Black church?

10/25/12, 7:56 AM

Blogger IHTG said...

This Kyle guy is hilarious. Unfortunately I think too many people here won't get it.

10/25/12, 8:28 AM

Blogger Jon Smythe said...

Hey, where's that big blusterin' bullshitter Barry Ritholz been lately? Barry, you out there? Ritholz? Ritholz? Ritholz?

10/25/12, 8:42 AM

Blogger Jon Smythe said...

Hey, where is that big blusterin' chickenshit bullshitter Barry Ritholz on this? Anyone seen him lately? Barry? Barry? Hello?

10/25/12, 8:43 AM

Anonymous Svigor said...

This Kyle guy is hilarious.

I know. The "Israel is our greatest ally in the world" thing was classic.

10/25/12, 11:34 AM

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