Matt Taibbi

Rank 21 of 47

Score 40

Not true, and especially incorrect with regard to the pre-2008 period, when loosened GSE rules with regard to risky subprime/Alt-A mortgages led to a superabundance of home credit for minority buyers. That and new ways to rate pooled mortgages helped cause the crash.

Mike is Friendly

@earlyreports

19d

@mtaibbi Example of what you might have heard, but didn't really "listen" to. They're on a different wavelength:
"Racism is inherently inequitable we all agree. However, what people miss is the construct of private property. Access to mortgages is a red-herring, equity depends on access."

1/6/2026, 12:02:24 AM

The statement addresses the role of mortgage policies and financial practices in the 2008 financial crisis, particularly focusing on the impact on minority buyers. It challenges the idea that access to mortgages is a red herring in discussions about equity and property rights.

Principle 1:
I will strive to do no harm with my words and actions.
The statement attempts to provide a factual correction regarding the causes of the financial crisis, which can be seen as striving to do no harm by clarifying misconceptions. [+1]
Principle 3:
I will use my words and actions to promote understanding, empathy, and compassion.
By engaging in a factual discussion, the statement promotes understanding of complex financial issues, though it could be more empathetic in addressing the broader social implications. [+1]
Principle 4:
I will engage in constructive criticism and dialogue with those in disagreement and will not engage in personal attacks or ad hominem arguments.
The statement engages in constructive criticism by challenging a previous assertion, but it could avoid dismissive language to foster more productive dialogue.