PPQ5555666655555 (November 30, 1999 at 12:00 am)

Obama has been in the Senate since 2004. That is when all this mess began. Obama is black, therefore it is his fault!!!!! The low income blacks were given these loans they knew they could not pay back. Why? Because of people like Obama. FACT!!!!!!!!! Liberals are just so stupid!!

hayden6iz (November 30, 1999 at 12:00 am)

1:23

iasinitoleihina (November 30, 1999 at 12:00 am)

Wow swim73088, take a social psychology or sociology class before you stick your foot in your mouth. Poor credit rating = no funding or loan for a house, besides read more than just your sport's section of the newspaper 62% of foreclosures are from hardworking middle-class Caucasian families.

Ninarollins (November 30, 1999 at 12:00 am)

I can not believe that they said that and got away with it. You know if Niel Cavuto was a black guy and said lending to white people is dangerous and put tape of John Mccain up the whole time it would have been like "OH HELL NO." It would have been a big scandal

LiTTLeDizZyUriNe (November 30, 1999 at 12:00 am)

i agree. its sad that this is prolly the ONLY actual fact fox has put out there but of course the way they even attempt to report it makes it sound like..."oh lets blame the risky brown folk" ((btw fuck fox news)) =)

swim73088 (November 30, 1999 at 12:00 am)

i know fox news spews utter crap allot of the time but i must admit they are right about this issue. the dems campaigned to give minorities (who are statistically way more likely to have poor credit ratings) mortgages they wouldn't in this lifetime hope to repay. it is not racist to state this, it is a fact. as much as I hate fox news they were stating the facts here.

Bacchant33rd (November 30, 1999 at 12:00 am)

The roots of the crisis go back to the early 1970s when finance was "liberalized" from the constraints of the post-war period (1945-1970). These constraints were instituted by the US UK for a reason: because it was assumed CORRECTLY that allowing governments to control capital movements currencies would provide a basis for rapidly expanding growth in trade, which indeed happened. It's the GOLDEN AGE OF MODERN CAPITALISM. FREEING these constraints RETARD growth development. As it has done

kabloozie (November 30, 1999 at 12:00 am)

the next two years you're going to see places like Irvine, CA melt down - 80% of the homes purchased the last several years in that city alone were either ARM interest only loans, or negative amoritization loans - when they reset, you're gonna see huge defaults on those loans.

DanielHubb360 (November 30, 1999 at 12:00 am)

I was gonna say the same thing Kilo2176. I never hear any journalism on this show, just hate against fox news and taking things completely out of context.

DanielHubb360 (November 30, 1999 at 12:00 am)

Every guy has always liked phat(fat--so you dont think im stealing from you) asses man