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>He then shows data that the anti discrimination legislation increased black default rates and questions whether you encouraging minorities to declare bankruptc

>He then shows data that the anti discrimination legislation increased black default rates and questions whether you encouraging minorities to declare bankruptcy and enter financial ruin is really something to be desired. Sowell talked about the CRA and was proven wrong by multiple studies, like this one, which has a section dedicated to how the CRA wasn't a problem: https://www.responsiblelending.org/mortgage-lending/research-analysis/foreclosures-by-race-and-ethnicity.pdf https://www.responsiblelending.org/mortgage-lending/research... Stop the Sowell worship. Please, internet, for the love of god. He will always talk about how everything that democrats do is bad and everything conservatives do is good. He isn't right on everything all the time.

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vadansky 6y ago
This seems more to say that the 2008 housing crisis was not caused by the CRA, which no one said it did.
- deiznof 6y ago
  It's actually an extremely common argument that conservatives make to this day. Thomas Sowell blamed the CRA himself, so I'm not sure what your point is.
  - vadansky 6y ago
    >>He then shows data that the anti discrimination legislation increased black default rates and questions whether you encouraging minorities to declare bankruptcy and enter financial ruin is really something to be desired. >Sowell talked about the CRA and was proven wrong by multiple studies, like this one, which has a section dedicated to how the CRA wasn't a problem: https://www.responsiblelending.org/mortgage-lending/research.. https://www.responsiblelending.org/mortgage-lending/research.... So you agree the document you linked doesn't disprove what the other poster said? No one has brought up the 2018 housing crisis.
    - deiznof 6y ago
      He brought up anti discrimination legislation causing defaulting and bankruptcy, which the 2008 crash literally caused. I brought up a specific example of how Sowell is wrong. Sowell has directly commented on this matter. It is obviously relevant and doesn't require me to explain any further.
      - vadansky 6y ago
        >He brought up anti discrimination legislation causing defaulting and bankruptcy, which the 2008 crash literally caused. No he didn't, what are you talking about? Just because he mentioned foreclosures means he meant the CRA caused the 2008 housing crisis? No one was talking about it, you just brought it up out of no where. His statement had NOTHING to do with the housing crisis, the only link between them seems to be "both involve foreclosures, so if I prove CRA did not cause the crisis I will prove his other statement is also incorrect... Because they both have the word 'foreclose' in them"
        deiznof 6y ago
        OH MY GOD... The OP brought up that Sowell said that anti discrimination legislation increased defaulting and bankruptcy. Thomas Sowell literally wrote an entire article blaming CRA about 10 years ago. I brought up how Sowell is wrong because studies show that he is wrong.
        vadansky 6y ago
        So even though you quoted one argument, you posted a document to prove a whole other argument wrong, never bothering to bring up that the other argument you just proved wrong. I still don't know what other argument you proved wrong, did Sowell go on record saying the CRA caused the 2008 housing crisis?
        deiznof 6y ago
        Yes, as I said he literally wrote an article about it. I literally cannot understand how you can't connect Sowell's claim that anti-discrimination legislation (like CRA) is bad to my argument.
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tathougies 6y ago
> Stop the Sowell worship. Please, internet, for the love of god. He will always talk about how everything that democrats do is bad and everything conservatives do is good. He isn't right on everything all the time. Stop the bad-faith discussion. I never 'worshipped' Sowell. The commenter above claimed that Sowell has not grappled with various studies that show various racial disparities. I've read his works, and Sowell indeed does directly confront these studies, so to say he is ignoring evidence is wrong. Whether or not Sowell is right is not really up for discussion. What was being discussed is whether Sowell acknowledges studies on topics he is interested in. Indeed he does, and he finds issues in many studies as well as other studies that have remained mostly unacknowledged by academia. > He isn't right on everything all the time. This is a ridiculous standard to judge anyone by. No one is right all the time. Stop changing the goalposts.

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vadansky 6y ago

This seems more to say that the 2008 housing crisis was not caused by the CRA, which no one said it did.

deiznof 6y ago
It's actually an extremely common argument that conservatives make to this day. Thomas Sowell blamed the CRA himself, so I'm not sure what your point is.
- vadansky 6y ago
  >>He then shows data that the anti discrimination legislation increased black default rates and questions whether you encouraging minorities to declare bankruptcy and enter financial ruin is really something to be desired. >Sowell talked about the CRA and was proven wrong by multiple studies, like this one, which has a section dedicated to how the CRA wasn't a problem: https://www.responsiblelending.org/mortgage-lending/research.. https://www.responsiblelending.org/mortgage-lending/research.... So you agree the document you linked doesn't disprove what the other poster said? No one has brought up the 2018 housing crisis.
  - deiznof 6y ago
    He brought up anti discrimination legislation causing defaulting and bankruptcy, which the 2008 crash literally caused. I brought up a specific example of how Sowell is wrong. Sowell has directly commented on this matter. It is obviously relevant and doesn't require me to explain any further.
    - vadansky 6y ago
      >He brought up anti discrimination legislation causing defaulting and bankruptcy, which the 2008 crash literally caused. No he didn't, what are you talking about? Just because he mentioned foreclosures means he meant the CRA caused the 2008 housing crisis? No one was talking about it, you just brought it up out of no where. His statement had NOTHING to do with the housing crisis, the only link between them seems to be "both involve foreclosures, so if I prove CRA did not cause the crisis I will prove his other statement is also incorrect... Because they both have the word 'foreclose' in them"
      - deiznof 6y ago
        OH MY GOD... The OP brought up that Sowell said that anti discrimination legislation increased defaulting and bankruptcy. Thomas Sowell literally wrote an entire article blaming CRA about 10 years ago. I brought up how Sowell is wrong because studies show that he is wrong.
        vadansky 6y ago
        So even though you quoted one argument, you posted a document to prove a whole other argument wrong, never bothering to bring up that the other argument you just proved wrong. I still don't know what other argument you proved wrong, did Sowell go on record saying the CRA caused the 2008 housing crisis?
        deiznof 6y ago
        Yes, as I said he literally wrote an article about it. I literally cannot understand how you can't connect Sowell's claim that anti-discrimination legislation (like CRA) is bad to my argument.

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tathougies 6y ago

> Stop the Sowell worship. Please, internet, for the love of god. He will always talk about how everything that democrats do is bad and everything conservatives do is good. He isn't right on everything all the time. Stop the bad-faith discussion. I never 'worshipped' Sowell. The commenter above claimed that Sowell has not grappled with various studies that show various racial disparities. I've read his works, and Sowell indeed does directly confront these studies, so to say he is ignoring evidence is wrong. Whether or not Sowell is right is not really up for discussion. What was being discussed is whether Sowell acknowledges studies on topics he is interested in. Indeed he does, and he finds issues in many studies as well as other studies that have remained mostly unacknowledged by academia. > He isn't right on everything all the time. This is a ridiculous standard to judge anyone by. No one is right all the time. Stop changing the goalposts.