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Washington, DC suburbs in Maryland Calvert County, Charles County, Montgomery County, and Prince George's County
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Old 10-22-2013, 10:06 AM
 
Location: Oceania
8,610 posts, read 7,895,946 times
Reputation: 8318

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Quote:
Originally Posted by EdwardA View Post
It's not a conspiracy it's just the market. Banks supplied easy credit and folks wanted it. There was nothing sinister about it.
Why do some suggest racism played a part?
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Old 10-22-2013, 10:28 AM
 
1,261 posts, read 694,583 times
Reputation: 364
Quote:
Originally Posted by adelphi_sky View Post
Boom! Says it all right there. NoVa is so heavily reliant on the feds that if you took the fed away, there wouldn't be anything left. You talk about the rise of the IT corridor along the Dulles Toll Road? That was largely do to government contractors.

Also, I don't think the white middle class will ever suffer as much as the African American middle class. That field has been uneven for centuries.

I'd imagine if any jurisdiction lost its major employer, it would be bad for black folk. Just sayin'.
That's right. I can tell you that PG is/have felt the effects of those govt contractors previously supported by large government contracts. CSC, SAIC and the rest are leaving buildings empty. I didn't really understand it all until I paid attention to what is happening in Prince Georges and I'm sure, Montgomery County (Lockheed Martin) and Fairfax County. Contracts expire and the need for office space and hiring, goes away. Pretty simple.

It ain't over yet people, could get worse before it gets better.
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Old 10-22-2013, 10:47 AM
 
Location: It's in the name!
7,083 posts, read 9,573,042 times
Reputation: 3780
Quote:
Originally Posted by armory View Post
Why do some suggest racism played a part?
Who said anything about racism?
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Old 10-22-2013, 01:22 PM
 
Location: On the Chesapeake
45,397 posts, read 60,592,880 times
Reputation: 61012
Quote:
Originally Posted by adelphi_sky View Post
Who said anything about racism?
I don't think he meant in the thread but in general conversation/reporting about the mortgage meltdown.

As in: "Selling complicated mortgage products to unsophisticated buyers". Which was quote I saw more than once.
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