The fed can only motivate and encourage racism...
Divide to conquer and feminist tribalism is their inherent method and toxic culture
this is really simple. Just eliminate the stupid little check boxes next to “Black” “Native American” “Caucasian”
“Hispanic” and really and truly make the credit application color blind. After all credit really should have nothing to do with those artificial pigeon holes.
Easy-Peasy!!
Better question: Does the Creature from Jekyll Island really want to...?
The way we ended up in the subprime crisis was Congress passed what I think was called “the fair housing act.” It forced banks to end their practice of redlining, wherein some neighborhoods would not receive loans because the payback was negative. As it turned out, these districts were largely black owned and operated. Congress incentivized banks to loan to bad credit risks by buying and bundling the loans into something called derivatives. Only a small percentage of these loans went bad, but due to the leverage of the way they were packaged and resold it resulted in the 2008 housing crisis. Now they are doing something similar with a different agency. Madness is doing the same thing and expecting different results. Communism is doing something you know will end badly just to bring down the system. This is communism.
The only racism I see in this society is the racism by dark skinned people against white people which is endorsed and enforced by the government at all levels in our society.
JoMa
What the hell is this all about. Approve loans on Race and not income. What a freakin joke. How did these people ever get into power? That is the dumbest idea i have ever heard of!
racial disparities in income, employment, wealth, and access to credit does not = ‘racism’
Around 2002 ago during Columbus Day weekend the news was all about prejudice and how to stop it. My-coworker Ahmed, a Somalian, approached me with this huge smile and shaking his head.
“People cannot stop prejudice” he told me. “For example, if I took you to my neighborhood in Mogadishu to meet my family and you went to shake my mother’s hand, she would likely not shake hands. Why? Because she never saw a white man before. It’s normal!”
Haven’t seen Ahmed in years but I always remembered that.
He was not the typical Somali. He was heavy, jolly, loved to eat, would purposely pretend he did not know the meat was pork just so he could eat it. He was laughed at by female Somali coworkers for that. Unlike other Somalis, he typically avoided politics and religion for the most part. I think he was one who really liked American culture and would participate as much as possible without interfering with his religion.
I remember during the Christmas Season he was asking a bit on how I celebrate Christmas and at some point I asked him if he believed in Jesus.
“Of course I do! You can’t be a good Muslim if you don’t believe in Jesus”
I thought that was kind of strange.
Originally he came up to Maine from Colombus, OH. He told me once “You know why so many Somalis come here to Maine from Ohio and Atlanta? It’s because we don’t like Black Americans. We can’t even understand them when they speak!” and he imitated how Black Americans speak. “It’s a lot better here”
Another thing I learned. Many of them came to the US via Europe during the Clinton Admin. Many of them were not our share of refugees accepted by the US. They were Europe’s share. Once they got their European ID they were automatically considered European citizens and that enabled them to travel to the US without needing a VISA.
Knowing the laws in regards to having multiple wives in the US, they only brought one of their wives to the US. The others along with some of their children stayed in Europe.
A Sudanese Christian once told me that they (the Somalis) are known to be claiming some of those still in Europe as dependents on their income tax even though they never even set foot in the States.
Racism cannot be ended by promoting more racism.
It is akin to spending yourself out of debt.
Oh wait...
No, No more than they can end people being born with thumbs. Its in our genes. Only God can cure hate.
No.
And it isn’t their job.
As long as the Federales are not being racist, their work is done.
Equal before the law. Equal opportunity in hiring for Federal jobs.
That’s it. Period.
You cannot litigate morality or ethics. Period.
No
Maxine, Liz, here’s a suggestion: Put your money where your mouth is! Use your wealth to make affordable loans to underqualified minorities. They’ll pay you back, right?