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https://www.creators.com/read/thomas-sowell/02/09/upside-down-economics https://www.creators.com/read/thomas-sowell/02/09/upside-dow... He was wrong and/or mis

• vadansky 6y ago
  Damn, guess I was wrong. Still nothing to do with the parents argument though, you should at edit your comment to include that link so people understand what you're taking about.
  • deiznof 6y ago
    If people can't figure out how the 2008 crash connects to black people defaulting on loans and bankruptcy, they are not worth an edit.
    • vadansky 6y ago
      Nah, you switched arguments mid stream without any reason or warning, besides that the crisis argument was easier to prove wrong than the parent's. CRA was introduced 43 years ago, the 2008 crisis was 12 years ago, there is no reason to link them today.
      • deiznof 6y ago
        My entire point the whole way through was about Sowell being wrong about the CRA, and it literally doesn't matter when it was introduced. It was an example of anti discrimination legislation regarding loans that Sowell has directly commented on, what other example should I use?
        • vadansky 6y ago
          Parent's argument can still be correct even though the CRA did not cause the housing crisis. Those are unrelated. The first argument might be correct and the CRA increases defaults by giving loans to people who can't afford them, and still there was a regulatory failure with firms rubber stamping bad debts as AAA and packaging them up in 2008.