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Anarchocrapitalism, "libertardianism", et al.



> On Sun, Jan 07, 2018 at 06:16:02PM +1000, jamesd at echeque.com wrote:
>> In consequence, if you unloaded a house after 2005 November, you
>> were necessarily unloading it onto someone who was a beneficiary of
>> an affirmative action mortgage.

On 1/7/2018 7:21 PM, Zenaan Harkness wrote:
> And since the game is rigged, the actual beneficiaries were mostly
> the banks (they were bailed out after all), and those who sold their
> houses and so cashed in on the general Investment Theatre, and "the
> tax payer" foot the bill for those got in on the scam.  But the banks
> were the most significant beneficiaries - they always are.

Lot of banks went bust, and were bailed out.  But in many cases, for 
example the biggest and villainous of them all, Countrywide, those 
running the bank lost their jobs, and their shareholders lost their 
investment.  https://duckduckgo.com/?q=Countrywide+mozilla&ia=web

Indymac bank (which held most of the Countrywide assets) was seized by 
the regulators.  Countrywide financial was sold to Bank of America 
Homeloans for four billion, which represented a huge loss to Countrywide 
shareholders, though not a total wipeout.

Meanwhile a whole lot of brown people and single women got to live in 
nice houses free for quite a while.

Yes, what was intended as a big handout to blacks, browns and single 
women, largely wound up in the pockets of white folk, myself among them, 
as such handouts tend to do.   But it was still a big handout to blacks, 
browns, and single women.