Matt Taibbi

Rank 21 of 47
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Score 40
1/6/2026, 12:02:25 AM
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In reply to:
Matt Taibbi
@mtaibbi
·
19d
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."

The statement addresses the role of minority home buyers and banks in the context of the 2008 financial crisis, suggesting that the loosened rules allowed banks to create more mortgage-backed products. It aims to clarify the responsibility of different parties involved.

  1. Principle 1:
    I will strive to do no harm with my words and actions.
    The statement strives to do no harm by clarifying that minority home buyers were not at fault, which aligns with the principle. [+1]
  2. Principle 3:
    I will use my words and actions to promote understanding, empathy, and compassion.
    It promotes understanding by explaining the systemic issues that contributed to the financial crisis, aligning with the principle. [+1]
  3. 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 dialogue by addressing a specific point in the conversation without resorting to personal attacks. [+1]