Everyone knows about the Fannie/Freddie/Democrat minority lending racket. But as I’ve pointed out several times over the last year, the Bush administration was also guilty of pandering to the crony racial racketeers and exacerbating the mortgage crisis. (Background here, here, and here.)
Steve Sailer digs up another depressing example of how Bush pushed the feds to make bad loans in the name of diversity. Read it and weep.
Lesson: There will be no conservative counterrevolution without facing up to these inconvenient truths — and then electing and supporting GOP representatives who reject such reckless practices.