Per Michelle Malkin, it seems that Wachovia is posting $8.9 billion in quarterly losses because it partnered last year with La Raza to offer counseling in Latino communities on homeownership and community-development efforts:
Perhaps if the company had spent more time making sound business decisions and less time pandering to the National Council of La Raza/The Race and chasing the open-borders market, it wouldn’t be in as deep a hole as it is today.
In other news, young conservatives are worried about the intellectual poverty of their movement leadership.
Can't imagine why.
Login Here
Share This
Spotlight



Support this site!
Keep
up with news
Advertise on Firedoglake
Send
us your tips
Make us your homepage
About Firedoglake
Advanced search


RSS/XML Feed
Intellectual starvation is more like it!
In my area, many of the foreclosures are among hispanic homeowners who were treated badly by hispanic realtors and mortgage brokers- some of whom are headed to prison for fraud.
Have no idea if Wachovia was involved in any of this.
Curse the Democrats for not building that border fence.
Never mind that Republics had complete control and did nothing.
Thanks Jane.
This sounds like Rove inspired lies. The collapse of the sub-prime market was caused by liberal banking regulations that FORCED poor struggling banks to lend to poor people,
who weren’t 100% European American.The real cause of the collapse of the much larger housing bubble, was of course the Greenspan put and other policies which privatized profits and now socialize the losses.
It breaks my heart to see the Young Republicans lamenting a lack of leadership, when did they wake up?
/s.
Once the fence is completed- and goopers discover that it didn’t do any good, what’s their NEXT move?
ahhhhh Ms. Maolkin.
Also, don’t forget to click through to the WaPo link for this awesome David All quote:
Uhhh, try 140 characters, my fine friend! We are TwitterYouth!
Dang. Sign me up for La Raza if they just scored $8.9 billion.
What makes you think they have awakened - they’re still repubs
“We made this fine fence- an the danged illegal aliens just went through it, around it, under it, and over it….told ya they was bad news” Guess we need a BIGGER fence- an some DOGS”
Hmmm.
Michelle Malkin is to Intellectual Leadership what Roger Clemens, Barry Bonds, and Pete Rose are to honest baseball.
Yeah, I think that fits.
I’ve never experienced a desire to read Malkin or to learn her views on anything.
More hatred of the browns.
Is Michelle Malkin aware of the fact that she’s not a white male?
From Jane’s WaPo link:
Aww, c’mon guys. You don’t like all the Youtubes of McCain’t that us lefties are putting up?
I was just wondering if she ever looks in a mirror. Maybe plain old self-hatred.
Everyday People
trust the banks to “Walk over Ya”
(or Watch over Ya, depending on pronunciation)
Wachovia Posts Loss, Exits Wholesale Origination Business
AFIK, “wholesale origination” is double talk for exactly the kind of fraud you mentioned. Wachovia wanted all the fees from the title transfer and then sold the mortgage. Their incentive was to collect fees. That’s actually a strong disincentive for them to actually verify that the borrower is qualified. A lot of wealthy people were sucked in also. They either bought second homes, or bought more home than they could afford.
OT, about a week ago, iirc, you mentioned something about the French making progress wrt handling nuclear waste. I looked, but the only thing I could find was Greenpeace saying just the opposite about the state of nuclear power. If you have a link handy, I’m interested. If not, don’t worry about it.
See and I thought it was Obama and Shumer.
Give the mcCain camp a few days
Perhaps she is one in some online fantasy life.
she has a strap-on “anchor”, baby…
Huh? $8.9 billion in quarterly losses because of $16.25 million to help economic development in Latino communities over 5 years?
Michelle, do math much?
mods/techs:
why am i having to do a hard refresh to find out if there are more comments?
I wonder sometimes what had to happen to someone to make them so blessed mean. She’s awful damned teeny to have that much evil stuffed inside. Blergh,ick.
Only solves half her problem. Does it come with bleach?
Not a tech for the site but it appears that because of some of the site changes/updates going on, the new comment notifications feature has been temporarily disabled.
Just takes us back to the old days is all.
Here’s a link (although not a great one):
http://www.ocrwm.doe.gov/facts.....0411.shtml
My understanding is that the french reprocess their nuclear waste greatly reducing the volume- and then seal it in an inert glass like coating to keep it from contaminating ground water etc…
Their solution is certainly not perfect- but better than what others do.
malkin appears to be asian. She apparently wrote a book praising racial profiling in WW2 which justifies the interment of the Japanese…
well now…. since the dems caused this current gas crisis it stands to reason the poor and illegal immigrants are to blame ok…. what! you don’t get this? bushco has sooo fucked this country!!!!
thanks dakine
malkin is from the phillipines….. another self-hating individual imo
I fully expect to see a paper at this given in a near-future meeting of my professional society. It would be crass to name names, but they are on the tip of my tongue.
asian or not, malkin is consistently nutty.
Thanks.
In defense of internment- Malkin book on why it’s OK to lock up people based on their race:
http://books.google.com/books?.....lt#PPR8,M1
Oh those [Edited by Mods]! They steal our jobs, default on bank mortgages, make oil prices higher, rape our children …
As a Hispanic I am somewhat used to it, but when you see it exposed so blatantly it makes my blood boil.
[Mod Note: Please refrain from using racial and ethnic slurs, even to make a point]
Sounds like the kind of people who would be might be interested in oxdown.firedoglake.
Malkin is a Philipina.
Could explain why she was OK with locking japanese away in camps.
“Recession-Plagued Nation Demands New Bubble To Invest In”
(headline at The Onion)
Don’t forget about bringing in diseases
Can everyone please Digg this:
George Bush
Bush loves talking about alcohol for some reason.
She describes herself on her website as “a Philly-born, South Jersey-raised alumna of Holy Spirit HS and Oberlin College.” According to the Wikipedia, her parents are Filipino.
Bob in HI
Is Oxdown up yet? I could never access it yesterday.
Bob in HI
some large signs from around the us, and california naturally:
http://freewayblogger.blogspot.....nj-ca.html
Is it her idea that her parents are Filipino and she is not? Wonder how her parents feel about that.
Great signs. You do good work and we thank you for it.
http://en.wikipedia.org/wiki/B.....ilippines_(1941%E2%80%9342)
Chances are she may have some personal family history with the Japanese invasion, thus a hatred of all things Japanese. And by extension, all things “foreign.”
IANAP, though.
I got in yesterday, but having trouble today.
Done.
It sounds like a riff on “mental.”
Great one, thanks.
I think we need more and bigger, Abrams tanks. They’re large slow targets for the infinitely less expensive RPG.
That article is truly hilarious. I hope the new generation of Republicans continue to believe that their only problem with young people is PR and marketing, not what they’re selling — the longer they sustain this death spiral, the better.
This bit shows amazing depths of denial, even for a Republican:
Yes, telling them how bad things were long before they were born will definitely convince them to ignore their current economic suffering, which clearly has nothing to do with the failed policies of the present.
No, No, No, No, No, Michelle that was an earlier fax -
all fault lies with those Dems for doing away with redlining . . . in 1977!
that caused all these poor banks and brokers to lose their billions.
c’mon NYT, why would you blame the banks when there is perfectly good Big Govt intervention to blame ?!?!?:D
NRO
Off-topic buuuuuuut…
Am I the only one who thinks Tweety is a bead-eyes little twerp?
certainly possible. Lots of asians carry around hard feelings about the japanese…had a Korean friend who could work himself into a rage on the subject- as can many chinese.
OT Dennis Kucinich has a message for you!
Malkin the banks were giving loans to the illegals because they were getting commission they did not care about the loans going under because the banks were selling the loans to hedge funds.
Hedgefunds as people in in your income bracket might know because they qualify require huge amounts of cash to invest in (to be honest I don’t qualify).
Are exempt from reporting almost everything about what they invest in, even if its subprime paper because the courts assume that wealthy investors like yourself are *cough* sophisticated enough to not need help with their investments from the government.
But apparently you don’t seem to know this maybe the courts got it wrong?
Maybe government regulation is a good thing? After all the tax payers are bailing you out.
Blaming immigrants for causing the subprime crisis is like blaming the Jews for Germany’s economic troubles after losing WW1. Bush is losing in Iraq and he needs someone to blame you are just the Fox News/righty blogger Minister of Lies/Propaganda
LOLOLOLOLOLOL.
love you, man. That is classic.
uh Michelle, this guy says you’re wrong - that in fact, Wall Street “got drunk” and now “has a hangover”
Anyone notice Wachovia’s stock is up in after-hours trading? Maybe Malkin has a magic touch in reverse (just like Bush!). I hope she maligns some stocks in my 401K.
jacqrat!
I see a bit of censorship is coming in. What next? Am I going to be censored for calling Republicans idiots because that would be offensive to idiots?
Great Catch This information should be a post! Bush is the bartender WallStreet is the Alky and deregulation and cheap credit were cheap drinks and a stimulus check.
Bush if any one should no better than to tempt alkies especially when they keep claiming that they don’t have a problem.
Hmmm a 12 step program for Capitalism?
midnight in Israel- Obama must be in bed. No news til morning?
Hi mod my comment at 65 reads
Bush if any one should no better than to tempt alkies especially when they keep claiming that they don’t have a problem
it should read
Bush if any one should know better than to tempt alkies especially when they keep claiming that they don’t have a problem
done dugg it; even added a comment!
HI redshift! (waves frantically)
oh, and PUNAIIIIIISEEEEEEEEEEE!
I dunno, but my guess is that the mods felt that some words you used were racial or ethnic slurs of some type, so got edited out. I believe that has been a fairly consistent policy here all along at FDL.
And since calling Republicans idiots is not using any type of racial or ethnic slur and is in fact pretty much stating truth, I doubt that you’ll get in trouble for that.
As always, YMMV
New Ian a couple of flights upstairs
In other news, young conservatives are worried about the intellectual poverty of their movement leadership.
Can’t imagine why.
Well the GOP used to call itself the party of ideas Reagen tried out his ideas the market went up but living standards for the average worker went down but who cares Reagen made people feel good by making them hate Foreigners and minorities!
Now Bush 2 has been trying out Reagen’s ideas to the Extreme yep its not only the little people getting hurt its the rich.
Just how did the GOP ever expect to make money if their workers have less and less money to buy the stuff their factories make?
Easy Credit!
But wait what happens when the bills come?
Who cares I’m making money now
but your in debt
but I have lots of cool stuff I don’t need
That was bought on credit
But I’m to big to fail Bush will bail me out!
Bush bailing out the rich with the poor tax payers money is where we stand today. Bush is the Anti Robin Hood!
rwcole - left you a reply last thread in epu-ville. Damn power glitches - must be hot in the CA central valley. ;~(
I used a word that starts with S and rhymes with ticks to refer to Hispanics. I understand FDL’s policy and was just trying to be snarky about offending idiots. Too bad no one got my satire (these days it’s not just the New Yorker covers people don’t “get”).