Kurtz: Wall St. Crisis Caused By Banks Giving Money to “Minorities”


If you think the Wall Street bailout has something to do with corporate greed, Stanley Kurtz wants you to know it’s actually about diversity. In a New York Post op-ed, the conservative author claims “O’s Dangerous Pals” in ACORN, whose part in the bailout package was stripped out, worked with like-minded saboteurs to “force” banks to give mortgages “to high-risk borrowers, often minorities living in unstable neighborhoods.” (In case you don’t get the point, the Post includes the picture shown here.)

No mention is made of the financial incentives, which would seem strange coming from a conservative, unless you know that Kurtz has in the past hoped for the destruction of social programs to return America to an impoverished but family-friendly Arcadia.