August 20, 2007, - 1:19 pm

Headline of the Day: Who is Hardest Hit by Mortgage Loan Collapse?

By Debbie Schlussel
Who is hardest hit by the subprime mortgage loan crisis? Americans down on their luck after succumbing to adjustable rate mortgages (ARMs)? American pensioners who invested in those loans or whose union pensions did?
If you guessed either of these, you would be wrong in the eyes of the Wall Street Journal and Reuters. Below is their screaming headline version of who the real victim is.
I hate repeating an old joke, but life keeps imitating it, and this headline is just the new contemporary, PC iteration of it:

G-d informs the leaders of the world’s nations that he will end the world tomorrow. The next day, the Wall Street Journal bears the headline, “World Ends Today, Market to Close Early.” The Jerusalem Post reads, “World Ends Today, Islamic Terrorism to End.” The Washington Post: “World to End, Women and Children Most Affected.” And the New York Times top headline: “World to End Today, Minorities Hardest Hit.”

It’s no longer a joke. We’ve seen the New York Times talk about illegal aliens being hardest hit.
But, now–for Reuters and the WSJ–it’s the Muslims:

wsjdubaimortgageheadline2.jpg

Bottom line: Forget poor, working-class and middle-class Americans struggling to survive. Let’s worry about the real victims–kefiyeh-endowed Islamist gazillionaires eating halal shawarmeh, who might have to put one less room in their Hilton-sized castles.
Oh, and one other thing, the full story says that Dubai’s Emaar Properties owns U.S. home-building subsidiary, John Laing Homes:

Emaar’s U.S. home-building subsidiary, John Laing Homes, represented 16% of Emaar’s revenue in the second quarter. The slowing U.S. housing market was one of the reasons the Dubai developer missed analysts’ profit forecasts.

So, you know from whom NOT to buy your next home. Unless you support Dubai’s record of state-sponsored anti-Semitic and anti-Christian hate and involvement in terrorism.

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6 Responses

Thanks, Debbie!

Paul S. on August 20, 2007 at 1:46 pm

Tiny violin playing for those poor folks in Dubai.

CarpeDiem on August 20, 2007 at 2:45 pm

What was it that they said about every dark cloud?
On the real estate equivalent of suicide bombing, makes me hope that the housing just sinks long enough to dry up these Mohammedan gazillionaires so that they have no cash to toss at the various Jihadi campaigns. Also, with such luck, they’d jettison as much of their US property as possible, and we’ll stop seeing mosques pop up like zits everywhere.

Infidel Pride on August 20, 2007 at 3:40 pm

WSJ is one of only two papers I ever read, because if you want to get closest to the truth, watch what they say about their money. But they don’t care a whit about illegal aliens, 3rd world standards, brutality of foreign governments, and loss of US sovereignty, all for the sake of Big Business and profits.

steve ventry on August 20, 2007 at 9:22 pm

FOLLOW THE MONEY. Everything is about the money Steve, EVERYTHING. (Dat be global just not in the good ole USA)

FingerEleven on August 21, 2007 at 12:57 am

The humanity.

John Cunningham on August 22, 2007 at 6:44 am

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