Showing posts with label bad poetry. Show all posts
Showing posts with label bad poetry. Show all posts

February 3, 2014

Here we go again ...

From the New York Times:
Race Gap on Conventional Loans

African-American and Hispanic borrowers have been largely shut out of the conventional mortgage market, according to a new report from Zillow and the National Urban League. Citing 2012 loan data reported under the Home Mortgage Disclosure Act, along with results from a Zillow poll of 700 mortgage applicants in December, the analysis found that whites accounted for about 69 percent of all conventional mortgage applications. The share of applications filed by blacks was under 3 percent; Hispanics represented only 5 percent.

100 - 69 - 3 - 5 = 23% of new conventional mortgages going to whom?
Black and Hispanic borrowers are far more likely to apply for low-down-payment loans insured by the Federal Housing Administration. About 57 percent of black applicants and 60 percent of Hispanic applicants applied for F.H.A. loans, compared with 30 percent of white applicants. 
Access to financing that requires as little as 3.5 percent down is key for minority applicants, who on average have lower incomes and credit scores than whites, said Stan Humphries, Zillow’s chief economist. They also have far lower rates of homeownership, which makes it harder to accumulate wealth over time and across generations. “Higher down-payment requirements have had the biggest impact on minority applicants for conventional mortgages,” Mr. Humphries said. “They just don’t have the savings nonminority groups have.” 
And their conventional mortgage applications are more likely to be denied. One in four black applicants were turned down, compared with one in 10 white applicants, the report said. 
As conventional lending standards have tightened, F.H.A.-backed loans have become crucial to maintaining credit access in minority communities. But at the same time, Mr. Humphries said, F.H.A.’s dominance among such borrowers hints at a problematic trend: “a different path to financing based on your race and ethnic group.” 
And the F.H.A. path can be costly. Although F.H.A.-backed loans offer the initial advantage of less money down, their mortgage insurance premiums are considerably higher than premiums on conventional loans. 
Julia Gordon, the director of housing finance and policy at the Center for American Progress, a liberal research group, has concerns about what she calls “the dual housing market,” and says she believes the conventional market ought to be making lower-down-payment loans more widely available. “Like all the other separate-but-equal arrangements,” she said, “this is not good for consumers or the market or for taxpayers. We are seeing creditworthy people who should be able to get loans in the conventional market but can’t.” 
Ongoing discussions in Washington about how to wind down Fannie Mae and Freddie Mac should include a commitment to ensure that lenders make credit available equitably, she added. 

With apologies to Wordsworth and Milton:

                     Las Vegas, 2014
MOZILO! thou shouldst be lending at this hour:
    Exurbs have need of thee: they are a fen
    Of prudent finance: kitchen, bath, and den,
Fireplace, the heroic wealth of marble shower,
Have forfeited their late-lost subprime dower
    Of higher leverage. We are low-debt men;
    O raise us up, return to us again,
And give us zero down liar loan power!
Thy face was like an Orange, and golfed a lot;
    Thou hadst a voice whose sound was like TV:
    Pure flapdoodle, correct politically,
    So didst thou at Sherwood Country Club play,
In devout PCness; and yet thy stock
    The lowest return on investment did pay.
 
Here's the original:

                     London, 1802
MILTON! thou shouldst be living at this hour:
    England hath need of thee: she is a fen
    Of stagnant waters: altar, sword, and pen,
Fireside, the heroic wealth of hall and bower,
Have forfeited their ancient English dower
    Of inward happiness. We are selfish men;
    O raise us up, return to us again,
And give us manners, virtue, freedom, power!
Thy soul was like a Star, and dwelt apart;
    Thou hadst a voice whose sound was like the sea:
    Pure as the naked heavens, majestic, free,
    So didst thou travel on life's common way,
In cheerful godliness; and yet thy heart
    The lowliest duties on herself did lay.
         

April 22, 2007

Cho wasn't the only violence-obsessed hack writer in his classroom

From my new VDARE.com column:


Ever since South Korean immigrant Cho Seung-hui gunned down 32 people at Virginia Tech, there has been much comment that the university should have realized just from his two hate-filled and inept plays that the senior English major was a dangerous creep who needed to be taken away.

For a playwrighting class, Cho penned Mr. Brownstone and Richard McBeef (which, despite the Macbethian title, is a Hamlet-knock off about a young hero's lethal conflict with the new stepfather who murdered his real father). Richard McBeef includes such sterling dialogue as:


"I hate him. Must kill Dick. Must kill Dick. Dick must die. Kill Dick."


Many have asked: "How could the English Department not recognize the horrific implications of these works?"

That might seem like a puzzling question, however, to someone familiar with the poetic oeuvre of one of Cho's own teachers, Virginia Tech's "Univerity Distinguished Professor" of English and Black Studies, Nikki Giovanni.

Among the most celebrated figures of the Black Arts Movement of the 1960s and recipient of 21 honorary degrees, Giovanni has published poems strikingly similar to Cho's plays in both vileness and incompetence. For example:


The True Import of Present Dialog, Black vs. Negro
by Nikki Giovanni

Ni**er
Can you kill
Can you kill
Can a ni**er kill
Can a ni**er kill a honkie
Can a ni**er kill the Man
Can you kill ni**er
Huh? Ni**er can you
kill
Do you know how to draw blood
Can you poison
Can you stab-a-Jew
Can you kill huh? Ni**er
Can you kill
Can you run a protestant down with your
‘68 El Dorado
(that’s all they’re good for anyway)
Can you kill
Can you piss on a blond head
Can you cut it off
Can you kill
A ni**er can die
We ain’t got to prove we can die
We got to prove we can kill
[More]


Ironically, the author of these lines was asked to deliver the closing remarks at Virginia Tech's convocation memorializing the 32 slaughtered by Cho. For some reason, Giovanni didn't read aloud The True Import.

[More]


My published articles are archived at iSteve.com -- Steve Sailer