Washington Mutual went under. Seized and sold.

[Koga No Goshi]

How about this guy?
http://en.wikipedia.org/wiki/Franklin_Raines
How much does "CEO of Fannie Mae" fit in your percentages? Poor choice of direction for this argument.

Because this is just what the discussion needs, someone pulling out the race card. Leave race out of this, we don't need Sharpton getting an .Org account.

Have you even bothered to read the discussion? I didn't pull out the race card. People are making the argument that these companies failed because of their policy of hiring minorities and boasting a diverse workforce. That is not just ridiculous as an explanation for the mortgage crisis, it is indeed racist.

[drone]

Have you even bothered to read the discussion? I didn't pull out the race card. People are making the argument that these companies failed because of their policy of hiring minorities and boasting a diverse workforce. That is not just ridiculous as an explanation for the mortgage crisis, it is indeed racist.

I've read it, and I think the article posted by CountArach is full of it. I know you didn't start with it, and it is indeed a ridiculous explanation. But you need to be a little more careful about generalizing the culprits as "white rich guys", when one of the main players in this does not fit that description. It only hurts your argument and gives the impression that you are not very informed on the subject matter.

[CountArach]

Something posted as a joke really took this places...

[ICantSpellDawg]

Something posted as a joke really took this places...

What do you mean posted as a joke? I could post links to stories where Margaret Sanger said that the U.S. needs abortion on demand in order to control minority population birth rates. It doesn't mean that all people who support abortion support negative racist eugenics. If they are true, though, then they aren't jokes.

I appreciated the post. Sometimes it is best to understand underlying corruptions in thought that might hold your message back from a wider acceptance. I believe that promoting people based on things that shouldn't have a role in the decision speaks more to bad business practices than anything about minorities. Affirmative action is part of the problem because it is a bad idea for everyone, but I can't blame the employment of minorities for the market crisis. White accountability, respect and intelligence in business has plummeted recently - so we shouldn't be looking for any excuse to pass the buck onto people who largely don't make the decisions.

"Let all of the poisons that lurk in the mud hatch out"

[HoreTore]

BAH!

There's nothing wrong with affirmative actions, because of one thing; without it, when there's a tie between two equally qualified applicants, the white male will be hired. With it, the other guy might get the job.

[Fragony]

BAH!

There's nothing wrong with affirmative actions, because of one thing; without it, when there's a tie between two equally qualified applicants, the white male will be hired. With it, the other guy might get the job.

Oh gah every company likes to show of with a perfect immigrant the problem is that they can't find them.

[Kralizec]

BAH!

There's nothing wrong with affirmative actions, because of one thing; without it, when there's a tie between two equally qualified applicants, the white male will be hired. With it, the other guy might will get the job.

Fixed.

Affirmative action isn't a cure for discrimination, it's counter discrimination. I'm honestly not convinced that in this day and age the majority of employers value their supposed bigotries more than their wallet.

[KukriKhan]

I guess we are indeed done with WaMu. If Affirmative Action is desired as a topic for discussion, please begin a new thread. Thanks for all contributions

Thread closed.

[KukriKhan]

Something posted as a joke really took this places...

Indeed. And here I go again with the seemingly worn-out, but still-relevant advice to posters: when you intend a joke, or irony, or sarcasm, somewhere in the post you must overtly indicate that non-serious intention.

This is a multi-lingual but english-centric place where readers from every continent (save Antarctica) gather to cuss and discuss the news of the day, and the implications that news might have on their lives. Readers cannot see your tongue placed in your cheek, or your winking eyelid, or hear your obviously sarcastic tone.

To all: please be more explicit in specifying "just kidding" - even if you're only half-kidding. Neglecting to do so promotes unnecessary flame-battles and insult-hurling, both of which make my Moderator trigger-finger twitch (<---just kidding there :) ).

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Now, can we return to topic without charges of racism and bigotry? Or are we finished with Washington Mutual went under. Seized and sold.?