Sorry, Wingnuts: McCain's Campaign Manager PUSHED For Boost In Minority Homeownership

[babylonsister]

http://tpmelectioncentral.talkingpointsmemo.com/2008/09/home_ownership_rick_davis_and.php

Sorry, Wingnuts: McCain's Campaign Manager Pushed For Boost In Minority Homeownership
By Greg Sargent and Eric Kleefeld - September 22, 2008, 5:08PM


An emerging meme on the right, one that's being championed by the likes of Neil Cavuto and others, is that the mortgage crisis happened not because of deregulation, but because brokers were pressured into making loans to "minorities and risky folks," as Cavuto tastefully put it.

But guess who actively sought to boost minority homeownership? John McCain's campaign manager, Rick Davis.

As The New York Times reported today, Davis was president for several years of the Homeownership Alliance, an industry advocacy organization formed mainly by Fannie Mae and Freddie Mac. The Alliance's core mission is to boost the number of mortgages granted.

But take a look at this picture from the alliance's annual report in 2004, unearthed by a reader, showing Davis at a Congressional reception praising minority homeownership:


"We have an opportunity in the next decade to increase minority homeownership and significantly reduce the minority homeownership gap," Davis is quoted saying here. "The future of the housing market rests heavily on the economic success of minorities. Homeownership is likely to grow faster among minority Americans in the next decade if all the stakeholders in the housing industry work together to make it happen. The Homeownership Alliance is working toward this goal."

Hmmm. Wingers agree McCain's campaign manager helped cause mortgage crisis?

[katandmoon]

1. Hoisted on their own petards once again! And they still never learn, do they?