Diary

We we go

Americans are paying a high price for being politically correct. The real scandal of loosening underwriting standardsdone in the name of ending discrimination – had as it’s biggest cheerleader – Barack Obama. But it was the Clinton administration, obsessed with multiculturalism, that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans now infecting like a retrovirus the balance sheets of many of Wall Street’s most revered institutions.And now Obama gets his talking points from a Goldman Sachs employee. The same Obama who represented ACORN inthe Buycks-Roberson v. Citibank Fed. Sav. Bank in 1995.What will a Barack Obama presidency mean?I won’t be holding my breath waiting for Oprah, Jesse Jackson, Jimmy Carter or Al Sharpton to do anything.