Just look at this delusional statement below. Now he’s blaming the media and the regulators for ruining his grand social plan for minorities! In fact, his recklessness as a CEO in lending to poverty stricken minority and white families without so much as a casual check to make sure they have a job will ensure that they never make it to the middle class or higher. Regulators and the media have had nothing to do with the interest rate changes that are destroying these families. The system only worked well in that it helped fund his $190 million windfall by giving millions of poor and and minority families access to loans for homes that people like him have always known they could not afford.
“…we also have been on a mission…to try to increase home ownership opportunities for minorities and low-income borrowers. So it’s distressful to me personally to see the piling on that’s taking place by the media and regulators. This was a system that was working very well, providing an opportunity for people to get over that barrier of entry to owning a home.”
