The Sensible Geek

Chance favors the prepared mind…

Coming Soon: Horrible Drivers

I’m working on a “project” to capture horrible drivers in the act…  Stay tuned to this space for more!

^Z

October 27, 2008 Posted by TSG | Random | | No Comments Yet

The Lower Class Middle Class

I encourage you all to add CNSNews.com to your normal circuit of news sites.  They have a bit of a Conservative slant, but they’re not nearly as biased as a large portion of the mostly Liberal mainstream media.  They posted a story today discussing how the Community Reinvestment Act played a pivotal role in creating our housing bubble. [link]

According to Wikipedia [link] (which I acknowledge is not a terribly reliable primary source, however, information that it cites from elsewhere is used here), “the CRA seeks to ensure the provision of credit to all parts of a community, regardless of the relative wealth or poverty of a neighborhood.”  Did you catch that?  Let’s remove the doublespeak.  “parts of a community” = “people”.  “the relative wealth or poverty of a neighborhood” = “their ability to pay back loans”.

Read more »

October 27, 2008 Posted by TSG | Economics, Politics | , , , , | No Comments Yet