http://www.refinancemortgagenow.net/blog/2011/03/30/which-racial-groups-are-the-most-likely-to-default-on-loans/
Talking about the Clinton administration, Sperry writes: "The message to lenders was clear: Think "flexibly." Bend the rules. Do whatever it takes to put more minorities into home loans." (Pg. 24)
Sperry writes: "In fact, federal data reveal that Asians get the best deals on loans — even better than whites. Why? Because they generally have the best credit among all racial groups, including whites. Blacks generally are offered higher priced loans or are denied them outright simply because they tend to have the worst credit — even at the highest income levels." (Pg. 24)
From Pg. 157: Default rates by race according to the Federal Reserve:
* Black 9%
* Native American 6%
* Hispanic 5%
* White 4%
* Asian 3%
According to the Federal Reserve, 47% of blacks have bad credit. (Pg. 15
"Even the poorest Asians had credit records comparable to the wealthiest whites." (Pg. 164)
And :
Black students who graduated in 1992–93 school year had an overall default rate that was over five times higher than white students and over nine times higher than Asian students.
Zim.
Mad Poet Strikes Again.
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