The Mortgage Blame Game

Ever seeking to cast African-Americans into the role of victims, Jesse Jackson is now fulminating against sub-prime lenders, whom he calls “exploiters” for having the temerity to lend to high-risk financial groups. Those who indeed misled borrowers to take out too large a mortgage should indeed be punished according to applicable law, but consumers always take on debt at their own risk. Is it the lender’s fault when a client cannot repay mortgage debt?

It’s my guess that the sub-prime lenders would rather be repaid than see borrowers default. (Because if too many customers cannot repay, the companies themselves go belly up.) And it’s a bit rich for Jackson to blame these companies. I’ll bet he was out front years ago excoriating lenders for not loaning to blacks and giving them the opportunity to own a home. Now that it didn’t work out, he looks to blame them for doing the very thing he advocated.

About Stan Guthrie

Stan Guthrie is an editor at large for Christianity Today magazine and for the Chuck Colson Center for Christian Worldview. His latest book is God's Story in 66 Verses. He also is author of All that Jesus Asks: How His Questions Can Teach and Transform Us, Missions in the Third Millennium: 21 Key Trends for the 21st Century, and A Concise Guide to Bible Prophecy. He is co-author of The Sacrament of Evangelism. Besides authoring, writing, and editing books, Stan is a literary agent, bringing together good authors, good books, and good publishers. Stan writes the monthly Priorities colum for BreakPoint.org. He has appeared on National Public Radio's €œTell Me More,€ WGN's Milt Rosenberg program, and many Christian shows, including The Eric Metaxas Show and Moody Radio'€™s €œNew Day Florida.€ A licensed minister and an inspirational speaker, he served as moderator for the Christian Book Expo panel discussion, Does the God of Christianity Exist, and What Difference Does It Make?
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