Can't Say I'm Surprised...

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...because really, there's always other storylines to these types of businesses:

The mortgage banks - including Washington Mutual, Bear Stearns and JP Morgan Chase - are all named in a lawsuit filed by the National Association for the Advancement of Colored People (NAACP).

NAACP has recently filed paperwork to speed up the class-action lawsuit, in which it alleges that the banks steered black borrowers into taking predatory sub-prime loans.

Sub-prime loans are at the heart of the current global credit crisis, and were offered to individuals who often could not afford the mortgages they were being signed up to.

NAACP's latest filing is aimed at fast-tracking the lawsuit, which was originally filed in federal court in Los Angeles in June.


It alleges that black people of all income levels were more likely than their white counterparts to end up with sub-prime loans.

So keep this in mind as the Bush Administration continues to bend over backwards to help this company and defend their helping of this company.

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