People need to research the Community Reinvestment Act and how it was the direct cause of the Subprime Mortgage Meltdown Economic collapse as a direct result of affirmative actionhttps://www.businessinsider.com/the-cra-debate-a-users-guide-2009-6 …
By what legal mechanism did the federal government prevent banks from making loans?https://twitter.com/NatBurner2/status/1172887363774746629 …
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I must have missed all this money being thrown at me because of my whiteness.
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Muh memes is muh argument
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13 do 50 (since everyone else is replying with anecdotes)
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Private company...they can do what they want...
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National Housing Act of 1934, Democrats no less.
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They allowed "red lining" policies from banks to continue. "Black" neighbourhood's were outlined with and arbitrarily declared "high risk" by the banks. Idk, the government has rules put in place to discourage this practice. Are they liable for not having them back then?
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It's called Redlining blacks were deliberetly put into certain districts or neighborhoods in Cities and when it came time to come up for loans banks would look up your zip code to see 8fnit had been "red lined"
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Hiring the right racist people to weed out all of the undesirables. Technically not illegal but damned effective. The schools breed them up. The system works like a charm
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The opposite. They encourage the loans. Back then they were just assessing bad risk.
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(((BANKS )))
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It’s always great when you can blame “racism” for everything
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Simply by using a meme and no real "proof"
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