Posted by The Taint on 1/11/2018 8:31:00 PM (view original):
He'll never get it Tang.

OMG GET WHAT?!?!!? LOL

What is your solution? Mine is capitalism. If BAML doesn't want to lend to certain neighborhoods then let it be so. My bank will gladly lend there. Capitalism always works. My parents came from nothing, did not speak English and are still discriminated against as am I. I don't care and I just go on with my life. America you could argue is biased toward the wealthy but to me it is not racist.

Your solution sounds like more regulations. Which does not work!

Posted by The Taint on 1/11/2018 8:16:00 PM (view original):

1. On September 24, the U.S. Justice Department announced a settlement with Hudson City Savings Bank for close to $33 million after an investigation found that it was avoiding doing mortgage business with African Americans and Latinos between 2009 and 2013. The Justice Department calls it the “largest residential mortgage redlining settlement in its history.” As U.S. Attorney Paul Fishman explained to Emily Badger for The Washington Post, “[i]f you lived in a majority-black or Hispanic neighborhood and you wanted to apply for a mortgage, Hudson City Savings Bank was not the place to go.” The bank serviced one of the largest housing markets in the nation, covering mortgages throughout New Jersey, New York, and even Philadelphia. But the bank went out of its way not to set up any branches in minority neighborhoods. As part of the settlement, Hudson City will have to open two full-service branches in non-white communities.

1. On September 10, New York Attorney General Eric Schneiderman settled with Evans Bank for $825,000 after discovering that the bank erased black neighborhoods from maps used for determining mortgage lending. According to Schneiderman, of the over 1,100 mortgage applications the bank received between 2009 and 2012, only four were from African Americans. The Buffalo News reports that other banks in the area could be flagged next for redlining.

1. In May, the U.S. Department of Housing and Urban Development announced a $200 million settlement with Associated Bank over redlining in Chicago and Milwaukee. The HUD complaint said that the bank denied mortgage loans to black and Latino applicants between 2008 and 2010. As in the Hudson City case, Associated Bank will have to open new branches in predominantly black and brown communities
2. Last year, the city of Miami brought lawsuits against Wells Fargo, Bank of America, and Citigroup, alleging that the banks were steering black and Latino applicants towards high-interest, “predatory” loans. A federal judge struck those lawsuits down, saying the city lacked standing. A federal appeals reversed that decision, though, on September 2, saying that banks could have foreseen the “attendant harm” that resulted from the predatory lending when they resulted in large numbers of foreclosures throughout the city.
3. Los Angeles filed lawsuits against four banks last year—J. P. Morgan, Bank of America, Wells Fargo, and Citigroup—accusing them of both traditional redlining (denying loans to people of color), and also the “reverse redlining” of making predatory loans rain on black and brown communities. The city recently dropped the J. P. Morgan suit. The suits against Bank of America and Wells Fargo are on appeal, while the Citigroup case goes to trial next year. The city says these banks have been engaging in these practices since 2004. Further up the coast, the city of Oakland has also sued Wells Fargo, accusing it of reverse redlining as well.
4. On September 9, the National Fair Housing Alliance filed a discrimination complaint against RE/MAX real estate agents in Jackson, Mississippi. The Alliance sent fake couples out to shop for homes and found that the white testers were sent to predominantly white neighborhoods to view homes while black testers were rarely called out to view homes at all. A September 15 editorial in the The New York Times said the Alliance’s findings are indicative of a history of discrimination that has “taken an enormous toll on black wealth.”
5. The mayors of Jersey City and Newark are concerned that poor, minority neighborhoods haven’t been getting their share of fiber-optic quality broadband internet access. Verizon has a contract with the state of New Jersey to deliver this service to the cities. However, as Russell Brandom reports at The Verge, extraordinarily large numbers of households, mostly renters, in Newark and Jersey City have been waiving off rights to the fiber optic service. The mayors are now looking into whether Verizon might be deliberately contributing to the digital divide in the state. Seth Hahn of the Communication Workers of America union told Brandom that a lot of landlords were waived out of the service without their knowledge. Some have been calling it “FioS redlining”—a term that an Urban League director took issue with, claiming that it falsely conflates the Verizon issue with a real history of housing discrimination. It should be noted that Urban League collects healthy sums of funding from Verizon. Here’s a graph Brandom created that illustrates the disparities:

And? What is your point and what is your solution? I am not following your logic at all.

Posted by cccp1014 on 1/11/2018 9:58:00 PM (view original):

Posted by The Taint on 1/11/2018 8:31:00 PM (view original):
He'll never get it Tang.

OMG GET WHAT?!?!!? LOL

What is your solution? Mine is capitalism. If BAML doesn't want to lend to certain neighborhoods then let it be so. My bank will gladly lend there. Capitalism always works. My parents came from nothing, did not speak English and are still discriminated against as am I. I don't care and I just go on with my life. America you could argue is biased toward the wealthy but to me it is not racist.

Your solution sounds like more regulations. Which does not work!

Capitalism only works when the system is transparent.

Posted by cccp1014 on 1/11/2018 9:58:00 PM (view original):

Posted by The Taint on 1/11/2018 8:16:00 PM (view original):

1. On September 24, the U.S. Justice Department announced a settlement with Hudson City Savings Bank for close to $33 million after an investigation found that it was avoiding doing mortgage business with African Americans and Latinos between 2009 and 2013. The Justice Department calls it the “largest residential mortgage redlining settlement in its history.” As U.S. Attorney Paul Fishman explained to Emily Badger for The Washington Post, “[i]f you lived in a majority-black or Hispanic neighborhood and you wanted to apply for a mortgage, Hudson City Savings Bank was not the place to go.” The bank serviced one of the largest housing markets in the nation, covering mortgages throughout New Jersey, New York, and even Philadelphia. But the bank went out of its way not to set up any branches in minority neighborhoods. As part of the settlement, Hudson City will have to open two full-service branches in non-white communities.

1. On September 10, New York Attorney General Eric Schneiderman settled with Evans Bank for $825,000 after discovering that the bank erased black neighborhoods from maps used for determining mortgage lending. According to Schneiderman, of the over 1,100 mortgage applications the bank received between 2009 and 2012, only four were from African Americans. The Buffalo News reports that other banks in the area could be flagged next for redlining.

1. In May, the U.S. Department of Housing and Urban Development announced a $200 million settlement with Associated Bank over redlining in Chicago and Milwaukee. The HUD complaint said that the bank denied mortgage loans to black and Latino applicants between 2008 and 2010. As in the Hudson City case, Associated Bank will have to open new branches in predominantly black and brown communities
2. Last year, the city of Miami brought lawsuits against Wells Fargo, Bank of America, and Citigroup, alleging that the banks were steering black and Latino applicants towards high-interest, “predatory” loans. A federal judge struck those lawsuits down, saying the city lacked standing. A federal appeals reversed that decision, though, on September 2, saying that banks could have foreseen the “attendant harm” that resulted from the predatory lending when they resulted in large numbers of foreclosures throughout the city.
3. Los Angeles filed lawsuits against four banks last year—J. P. Morgan, Bank of America, Wells Fargo, and Citigroup—accusing them of both traditional redlining (denying loans to people of color), and also the “reverse redlining” of making predatory loans rain on black and brown communities. The city recently dropped the J. P. Morgan suit. The suits against Bank of America and Wells Fargo are on appeal, while the Citigroup case goes to trial next year. The city says these banks have been engaging in these practices since 2004. Further up the coast, the city of Oakland has also sued Wells Fargo, accusing it of reverse redlining as well.
4. On September 9, the National Fair Housing Alliance filed a discrimination complaint against RE/MAX real estate agents in Jackson, Mississippi. The Alliance sent fake couples out to shop for homes and found that the white testers were sent to predominantly white neighborhoods to view homes while black testers were rarely called out to view homes at all. A September 15 editorial in the The New York Times said the Alliance’s findings are indicative of a history of discrimination that has “taken an enormous toll on black wealth.”
5. The mayors of Jersey City and Newark are concerned that poor, minority neighborhoods haven’t been getting their share of fiber-optic quality broadband internet access. Verizon has a contract with the state of New Jersey to deliver this service to the cities. However, as Russell Brandom reports at The Verge, extraordinarily large numbers of households, mostly renters, in Newark and Jersey City have been waiving off rights to the fiber optic service. The mayors are now looking into whether Verizon might be deliberately contributing to the digital divide in the state. Seth Hahn of the Communication Workers of America union told Brandom that a lot of landlords were waived out of the service without their knowledge. Some have been calling it “FioS redlining”—a term that an Urban League director took issue with, claiming that it falsely conflates the Verizon issue with a real history of housing discrimination. It should be noted that Urban League collects healthy sums of funding from Verizon. Here’s a graph Brandom created that illustrates the disparities:

And? What is your point and what is your solution? I am not following your logic at all.

REDLINING=INSTITUTIONAL RACISM

It is not by race but by wealth. If it takes a banker 3 hours to work on a loan for $50k and the same amount for $500k which one will his bank want him to concentrate on? Do you think LeBron James has trouble getting a loan?

It is wealthism lol not racism.

You never answered my question why are all mostly Jewish neighborhoods wealthy?

Posted by cccp1014 on 1/11/2018 10:31:00 PM (view original):
It is not by race but by wealth. If it takes a banker 3 hours to work on a loan for $50k and the same amount for $500k which one will his bank want him to concentrate on? Do you think LeBron James has trouble getting a loan?

It is wealthism lol not racism.

You never answered my question why are all mostly Jewish neighborhoods wealthy?

I agree for the most part. Black people also own the least amount of money of any ethic group in the US.

I did, look again.

Say it again. I did not see it. Do you think it’s a culture thing or a race thing? I believe it is culture. As I said to me capitalism is color blind. But I live in MA so my vision could be skewed.

Posted by strikeout26 on 1/11/2018 7:55:00 PM (view original):
Of course, but that's a terrible argument. Other races are more than welcome to buy more expensive properties. There's nothing discriminatory about it, the only thing preventing other races from purchasing is means.

that is not always true. Sometimes other races are not more than welcome to buy more expensive properties.

Posted by cccp1014 on 1/11/2018 9:58:00 PM (view original):

Posted by The Taint on 1/11/2018 8:31:00 PM (view original):
He'll never get it Tang.

OMG GET WHAT?!?!!? LOL

What is your solution? Mine is capitalism. If BAML doesn't want to lend to certain neighborhoods then let it be so. My bank will gladly lend there. Capitalism always works. My parents came from nothing, did not speak English and are still discriminated against as am I. I don't care and I just go on with my life. America you could argue is biased toward the wealthy but to me it is not racist.

Your solution sounds like more regulations. Which does not work!

cccp, I agree with some of what you are saying, but if you think there's not racism in America, I think you are deluding yourself.

Posted by wylie715 on 1/12/2018 12:13:00 AM (view original):

Posted by cccp1014 on 1/11/2018 9:58:00 PM (view original):

Posted by The Taint on 1/11/2018 8:31:00 PM (view original):
He'll never get it Tang.

OMG GET WHAT?!?!!? LOL

What is your solution? Mine is capitalism. If BAML doesn't want to lend to certain neighborhoods then let it be so. My bank will gladly lend there. Capitalism always works. My parents came from nothing, did not speak English and are still discriminated against as am I. I don't care and I just go on with my life. America you could argue is biased toward the wealthy but to me it is not racist.

Your solution sounds like more regulations. Which does not work!

cccp, I agree with some of what you are saying, but if you think there's not racism in America, I think you are deluding yourself.

I don't believe there is institutional racism.

Institutional racism is a form of racism expressed in the practice of social and political institutions. Whether implicitly or explicitly expressed, institutional racism occurs when a certain group is targeted and discriminated against based upon race.

I believe there are racists of course but I do not believe it is institutional in the US. Again, I could be wrong but I don't see it in neither my private nor public life. In Boston to become a Police Officer a white person needs to get a 100% score and an African American person needs a 70%. You may say it is a slap in the face to the African American person I guess but I don't see it as racism?

I guess that's my biggest problem with the whole thing. The left acts like minorities are inferior and are incapable of providing for themselves. Your example with the Boston police qualifications proves this. In my opinion, it is a subtle form of racism.

His example with the Boston police proves nothing because it's untrue. A simple google search will show you otherwise. It's amazing how people just take for granted what other people post as being fact...such as Iran is a shithole because someone told me that.

That was the case like 20 years ago and may I should have said it WAS the rule. Both my friends who were white ended up going to Austin and becoming Police Officers there. But at one time that was the rule. I am sorry I misspoke. What is the rule now? Where do you show it is not true?

Thanks

Posted by strikeout26 on 1/12/2018 9:44:00 AM (view original):
I guess that's my biggest problem with the whole thing. The left acts like minorities are inferior and are incapable of providing for themselves. Your example with the Boston police qualifications proves this. In my opinion, it is a subtle form of racism.

So racism doesn’t exist except for racism against white people.

Right. You’re definitely someone people should take seriously.

Some people believe it. I said INSTITUTIONAL RACISM does not exist. In my opinion. Wait. Do you believe opinions can be wrong? LOL