Obama's 'Disparate Impact' Witch Hunt Vs. Banks Gets Surprise Court Blessing

IBD: Last week the Supreme Court gave the White House license to water down, if not destroy, virtually every standard dealing with housing. There's nothing stopping its push for affirmative-action lending and zoning. --In a shocking 5-4 decision, the high bench ruled that housing- and lending-discrimination lawsuits based on no proof other than statistics showing different outcomes by minority groups are within the bounds of civil-rights law. --It agreed with housing-rights zealots that zoning and underwriting policies that have a harmful effect — or disparate impact — on minorities are illegal, even if that harm is unintentional.

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WaPo: Three Crises In One

Washington Post writer, Robert J. Samuelson, breaks down our economic condition into three parts; 1) the collapse of consumer spending; 2) the financial crisis (lack of lending) and; 3) the trade crisis (imbalance).

Overcoming any of these crises alone would be daunting. Together, they're the economic equivalent of a combined Ironman triathlon and Tour de France.

Read full article at the Washington Post...
(Hat tip: John Detweiler) Read More......