It also makes sense to go back and look at what mechanism pushed this from the beginning. But first, one must understand that the imact of this HUD regulation demanding $trillions of loans be made targeting poor and moderate income (notably minorities) folks, for the purpose of awarding them home ownership, created the market factors which led the value of home prices to sky rocket for the past 8-10 years to a level not sustainable, unless an ever increasing number of new home buyers keep entering this game of catch-22. But, we're already caught. The market must correct another 30 -40% - and it will. The bailout will only postpone it, and will only hurt more people who get in now, before it pulls back.

And so our 40 acres and a mule is still just a dream deferred unless we WAKEUP! We need to build our own companies, and hire those qualified to work in them, we need to educate for the 21st century ...well you get it

This is my last e-mail to you, respecting the exploitation of blacks, including hispanics, by sub-prime predatory lenders for home mortgages. Note, too, though, that the same predatory lending practices and exploitations are continuing today by these "pay day loan" operations that are proliferating in Chicago and black suburban communities. When will we wake up?

This is truly sad, This is the type of thing that scares blacks/latinos into not buying a house, therefore not having anything to call there own in life because there is always one way or another that we are held back. we all need to take a stand against this type of treatment. Not only the organizations that are designated to fight for us but the black*/latino community as a whole, if nothing changes, nothing changes.

The tragedy lies in the fact that the mortgage and finance industries could or would inflict such hardships on two groups of people that represent a buyers market of over 73,000,000. There are ways of mitigating this kind of disparity by filtering applicants, through a system that would be created to operate above board while under scrutiny.