dckingsfan wrote:keynote wrote:dckingsfan wrote:You probably see this one way and I see it another. I see it - when the Federal Government gets involved in lending - really bad things happen.
To clarify: I post an article that shows evidence of the impact of discriminatory mortgage policies on both crime and discriminatory policing two generations later, and your take away is "that's why federal regulation is bad in general"?
Mind you, I posted this article in a thread where another poster has argued (presumably with a straight face) that any observed difference in economic performance and/or criminal behavior between ethnic groups is more likely attributable to inherent differences in IQ. Posters cite crime statistics in Chicago -- Exhibit A for discriminatory redlining policies -- as proof that Black people are inherently more violent than White people.
The redlining policies in Baltimore were not some sort of aberration, any more than they were in Chicago. They're merely an example of institutionalized oppression that took place for generations after slavery was abolished. The centuries of slavery, combined with an extra century's worth of institutionalized and government-enforced oppression has done a number on Black communities, to put it mildly. Everyone in this country is still feeling the impact of "America's original sin", as one author puts it. The fact that in 2016, we're still dealing with voter suppression and institutionalized discriminatory policing is evidence that we as a country have a long ways to go to purge this sin out of our society.
Unfortunately, there is an old ideological movement that has always maintained a vested interest in our country *not* atoning for its original sin. That movement is alive, well, and active in modern politics today. And frankly, that ideological movement isn't that compatible with democracy. Here's an interesting blog post on the subject.
https://weeklysift.com/2014/08/11/not-a-tea-party-a-confederate-party/
But sure, let's talk about deregulating the mortgage market instead.
Ah Sorry, if this was out of context. I didn't see the original post.
I did read the article - "in which the government determined which neighborhoods were worthy of mortgage lending " and thought that "nefarious".
Then I thought of the new programs where, "in which the government determined which neighborhoods were worthy of mortgage lending" - wait, that was the housing bubble.
Before it was nefarious now it is just ineptitude... both are bad. The government should pull its nose out of home loans.
Another place where the federal government has become directly involved in lending - student loans. Watching how that is turning out?
The Obama administration is now going after for profit schools - because once you create the problem you need more government to fix the problem - can't possibly shut down the root cause of the problem. And do we think that will increase the number of students graduating from college? And who do we think it will affect - probably for profit, black colleges and community colleges. Yeah, that is going to hit the upper middle class hard.
Sorry, not picking on you - I just see it in a different light.
Basically, the post said - if it is a conservative rag (generalization) then we won't listen.