HUD Secretary Jackson’s Gay Blame Flashback

alphonsojackson.jpg
Housing and Urban Development Secretary Alphonso Jackson’s resignation yesterday brought back memories of the politico’s questionable economic rationale:

Asked about the problems with subprime mortgages last June, Jackson insisted that many such [high-risk, high-cost] borrowers were not unsophisticated, low-income people but what he called “Yuppies, Buppies and Guppies” – well-educated, young, black and gay upwardly mobile achievers – with expensive cars who bought $400,000 homes with little or no money down.

At least we don’t shoulder all the blame, right?

Don't forget to share:

Help make sure LGBTQ+ stories are being told...

We can't rely on mainstream media to tell our stories. That's why we don't lock Queerty articles behind a paywall. Will you support our mission with a contribution today?

Cancel anytime · Proudly LGBTQ+ owned and operated