Comments on: The Greenlining Institute: Does the financial crisis have its origins in Berkeley? http://www.zombietime.com/zomblog/?p=60 the zombietime blog Tue, 07 Sep 2010 20:50:59 +0000 http://wordpress.org/?v=2.6.3 By: Water http://www.zombietime.com/zomblog/?p=60#comment-108123 Water Mon, 03 May 2010 18:55:47 +0000 http://www.zombietime.com/zomblog/?p=60#comment-108123 If you send 3 men, (one White, one Latino, and the other Black) into banks, with the same financial history (credit score, income, debts, etc) asking for the same loan, and even dressed the same, they will receive DIFFERENT offers and interest rates from the lender. Several studies have shown this. Now tell me why we don't need "greenlining" efforts. This sounds to me like another situation of a privileged person complaining about providing equal space for other people. You know, we can't just pass laws that make racism illegal. We have to be proactive to change the culture and practices that for so long marginalized certain communities. Anything else would be lazy and selfish at best. The connection drawn between Greenlining and the economic crisis is very poor. Their website was clear enough, which I checked, and offers plenty of info not only on their work the financial sector but also their other initiatives including health reform, education, etc. But you didn't mention any of that. Did you even look at the website? Maybe your search was to no avail because you didn't find what you were hoping to find. Self-confirming bias much? If you send 3 men, (one White, one Latino, and the other Black) into banks, with the same financial history (credit score, income, debts, etc) asking for the same loan, and even dressed the same, they will receive DIFFERENT offers and interest rates from the lender. Several studies have shown this. Now tell me why we don’t need “greenlining” efforts. This sounds to me like another situation of a privileged person complaining about providing equal space for other people. You know, we can’t just pass laws that make racism illegal. We have to be proactive to change the culture and practices that for so long marginalized certain communities. Anything else would be lazy and selfish at best.

The connection drawn between Greenlining and the economic crisis is very poor. Their website was clear enough, which I checked, and offers plenty of info not only on their work the financial sector but also their other initiatives including health reform, education, etc. But you didn’t mention any of that. Did you even look at the website? Maybe your search was to no avail because you didn’t find what you were hoping to find. Self-confirming bias much?

]]> By: Cool dude http://www.zombietime.com/zomblog/?p=60#comment-102509 Cool dude Mon, 12 Apr 2010 18:01:23 +0000 http://www.zombietime.com/zomblog/?p=60#comment-102509 this is the most retarded article i have ever read. this is the most retarded article i have ever read.

]]> By: Адам http://www.zombietime.com/zomblog/?p=60#comment-102352 Адам Sun, 11 Apr 2010 03:08:23 +0000 http://www.zombietime.com/zomblog/?p=60#comment-102352 Это прям в точку!!! По другому и не скажешь! :) Это прям в точку!!! По другому и не скажешь! :)

]]> By: littlegreenfootballs2 » Blog Archive » Zombie: The Greenlining Institute http://www.zombietime.com/zomblog/?p=60#comment-14781 littlegreenfootballs2 » Blog Archive » Zombie: The Greenlining Institute Sat, 27 Dec 2008 17:06:11 +0000 http://www.zombietime.com/zomblog/?p=60#comment-14781 [...] Zombie has a good post on another group of community organizers that has so far flown pretty much under the radar: The Greenlining Institute: Does the financial crisis have its origins in Berkeley? [...] [...] Zombie has a good post on another group of community organizers that has so far flown pretty much under the radar: The Greenlining Institute: Does the financial crisis have its origins in Berkeley? [...]

]]> By: FED BAILOUT TOPS $7.4 TRILLION - $50,000 PER TAXPAYER « But As for Me! http://www.zombietime.com/zomblog/?p=60#comment-9793 FED BAILOUT TOPS $7.4 TRILLION - $50,000 PER TAXPAYER « But As for Me! Mon, 24 Nov 2008 17:20:07 +0000 http://www.zombietime.com/zomblog/?p=60#comment-9793 [...] The Greenlining Institute: Does the financial crisis have its origins ... [...] [...] The Greenlining Institute: Does the financial crisis have its origins … [...]

]]> By: Eric http://www.zombietime.com/zomblog/?p=60#comment-9776 Eric Mon, 24 Nov 2008 13:36:35 +0000 http://www.zombietime.com/zomblog/?p=60#comment-9776 <strong>wells fargo financial career...</strong> Nevertheless there will always be a minority who will not get the point you are trying to make.... wells fargo financial career…

Nevertheless there will always be a minority who will not get the point you are trying to make….

]]> By: kwh http://www.zombietime.com/zomblog/?p=60#comment-7776 kwh Thu, 23 Oct 2008 14:37:30 +0000 http://www.zombietime.com/zomblog/?p=60#comment-7776 All the complicated details about the "bail out", mortgage-backed securities, toxic assets, CDS and so forth obscure the single cause of the current financial catastrophe: bad investments. The foudation of Freddie's & Fannie's investments were sub-prime loans. Around 2004, this amounted to more than half their porfolio. If a house is build on mud... The question then is why these bad investments were made. This blog entry nicely describes one culprit. BTW, the claim that "greed" was the root cause is idiotic. Bad investments always expose cracks in the system that the "ambitious" will exploit. This doesn't argue against the system--it argues against bad investments. All the complicated details about the “bail out”, mortgage-backed securities, toxic assets, CDS and so forth obscure the single cause of the current financial catastrophe: bad investments. The foudation of Freddie’s & Fannie’s investments were sub-prime loans. Around 2004, this amounted to more than half their porfolio. If a house is build on mud…

The question then is why these bad investments were made. This blog entry nicely describes one culprit.

BTW, the claim that “greed” was the root cause is idiotic. Bad investments always expose cracks in the system that the “ambitious” will exploit. This doesn’t argue against the system–it argues against bad investments.

]]> By: Kilo http://www.zombietime.com/zomblog/?p=60#comment-7237 Kilo Sun, 19 Oct 2008 10:58:42 +0000 http://www.zombietime.com/zomblog/?p=60#comment-7237 "Does the financial crisis have its origins in Berkeley?" "Yesterday I followed a link to a new article by Matthew Vadum which named The Greenlining Institute (among similar nonprofits) as the actual cause of the current financial crisis threatening the US economy. " Right. Well you should totally check out some 9/11 Truther websites if you're this gullible, unconcerned with reality and just like an entertaining read that blames someone you dislike. BTW, did Matty happen to say whether he'd be letting the world's economists in on this big conspiracy theory that none of them seem to have noticed ? Or are we thinking they've all been paid off by shadowy men in black helicopters, in unison ? “Does the financial crisis have its origins in Berkeley?”
“Yesterday I followed a link to a new article by Matthew Vadum which named The Greenlining Institute (among similar nonprofits) as the actual cause of the current financial crisis threatening the US economy. ”

Right. Well you should totally check out some 9/11 Truther websites if you’re this gullible, unconcerned with reality and just like an entertaining read that blames someone you dislike.

BTW, did Matty happen to say whether he’d be letting the world’s economists in on this big conspiracy theory that none of them seem to have noticed ? Or are we thinking they’ve all been paid off by shadowy men in black helicopters, in unison ?

]]> By: Ken http://www.zombietime.com/zomblog/?p=60#comment-6638 Ken Wed, 15 Oct 2008 07:28:15 +0000 http://www.zombietime.com/zomblog/?p=60#comment-6638 "you don’t leave your email address easily findable" I can't remember how I found Zombie's email, but I once did. It's around somewhere, you just have to look for it. Zomb, darling, we'd all love an update sometime soon. “you don’t leave your email address easily findable”

I can’t remember how I found Zombie’s email, but I once did. It’s around somewhere, you just have to look for it.

Zomb, darling, we’d all love an update sometime soon.

]]> By: Name http://www.zombietime.com/zomblog/?p=60#comment-6636 Name Wed, 15 Oct 2008 06:13:34 +0000 http://www.zombietime.com/zomblog/?p=60#comment-6636 Hello ZombieTime This is completely unrelated but you don't leave your email address easily findable so I decided to let you know about it here instead: Orgasms for Obama http://www.osforobama.com/in/ Just throwing that out there in case you haven't heard of it. Another zany event to take funny photographs of. Keep up the good work. Hello ZombieTime

This is completely unrelated but you don’t leave your email address easily findable so I decided to let you know about it here instead:

Orgasms for Obama
http://www.osforobama.com/in/

Just throwing that out there in case you haven’t heard of it. Another zany event to take funny photographs of. Keep up the good work.

]]>