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expatriate's picture
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Is This Racist?

Did they change the definition of racism? Because I always thought that credit discrimination based on race was a violation of the Equal Credit Opportunity Act.

http://thehill.com/business--lobby/democrats-seek-financial-rescue-of-mi...

http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre15.shtm

WesternHunter's picture
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Is This Racist?

Try telling that to the mortgage and housing market in Boulder, Colorado. An investigation was done to find out why so many qualified applicants of hispanic ethnicity were being turned down or denied home loans for homes in Boulder. It found that potential home buyers of hispanic ethnicity looking to buy a home there were denied home loans or mortgages even when they had excellent credit and money in the bank. They could find no legitimate reason why these applicants were denied for a mortgage.

I thought Liberals (such a most people in Boulder) prided themselves on being non-discriminatory and accepting of all people. I mean they always blame descrimination and racism as a right wing republican thing.

SoCoKHntr's picture
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Is This Racist?
WesternHunter wrote:
Try telling that to the mortgage and housing market in Boulder, Colorado. An investigation was done and found that potential home buyers of hispanic ethnicity looking to buy a home in Boulder were denied hoem loans or mortgages even when they had excellent credit and money in the bank.

I thought Liberals prided themselves on being non-discriminatory and accepting of all people. I mean they always blame descrimination and racism as a right wing republican thing.

Are you implying that because it's Boulder liberals did it?

Those banks, even though in a 'liberal' city could still be run and managed by repubs. Most financial institutions are even in 'liberal' cities.

WesternHunter's picture
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Is This Racist?

Doesn't matter where the bank is. All that matters is that descrimination was very apparent, and it was higher for those minorities looking to buy homes in Boulder over anywhere else.

Like it or not, descrimination still exists no matter what side of the political party fence you are on. And it always will in some form or another.

The credit law should apply, but it not always does. Not saying we need special treatment of certain groups here, just saying what's fair should be fair according to the law.

I know one person who once worked not long ago approving credit for a bank. She said that sometimes they approved credit form someone based on what mood they may have been in on a particular day. Very sad!! The law should apply, but doesn't seem to. I could not believe this but also heard similar stories from others who've also worked for banks. I guess it's up to the consumer to inquire and then sick the law on the creditor.

SoCoKHntr's picture
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Is This Racist?
WesternHunter wrote:
Doesn't matter where the bank is. All that matters is that descrimination was very apparent, and it was higher for those minorities looking to buy homes in Boulder over anywhere else.

Like it or not, descrimination still exists no matter what side of the political party fence you are on. And it always will in some form or another.

The credit law should apply, but it not always does. Not saying we need special treatment of certain groups here, just saying what's fair should be fair according to the law.

I know one person who once worked not long ago approving credit for a bank. She said that sometimes they approved credit form someone based on what mood they may have been in on a particular day. Very sad!! The law should apply, but doesn't seem to. I could not believe this but also heard similar stories from others who've also worked for banks. I guess it's up to the consumer to inquire and then sick the law on the creditor.

But, you said this, "I thought Liberals prided themselves on being non-discriminatory and accepting of all people. I mean they always blame descrimination and racism as a right wing republican thing."

You made your statement political. Otherwise, I agree with some of what you said.

CVC
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Is This Racist?
Quote:
Are you implying that because it's Boulder liberals did it?

Those banks, even though in a 'liberal' city could still be run and managed by repubs. Most financial institutions are even in 'liberal' cities.

While I hear, understand and basically agree with what you're saying, I do need to correct one thing. Republican does not mean conservative, just as liberal does not mean democrat.

While it is true that many Republicans are conservative and many Democrats are liberal, the terms should not be used interchangeably.

Many would argue that the problem with the Republican party today is that it has strayed from conservative values.

SoCoKHntr's picture
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Is This Racist?

Yes, I would agree with that CVC.

cowgal's picture
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Is This Racist?

The original point of this post was actually reverse discrimination. The article is about Democrats seeking to rescue minority owned broadcasters. So, if I'm not a minority and struggling to stay afloat - guess I don't get rescued.

All ad revenue is down, doesn't matter if your business is owned by white, brown, black or purple! Revenue is down for newspapers, magazines, broadcasters and web sites.

Its simply not fair to help a business based on color.

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Is This Racist?

In all fairness I didn't see this so much as a republican/democrat issue or a race issue as I saw it as an issue of Government taking an interest in private media. To me the race issue is not nearly as relavant or important as how much say so Government will have in these media enterprises if Government money is accepted by them. The media is supposed to be a watch dog group not a government sponsored enterprise. Maybe I have it wrong.

WesternHunter's picture
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Is This Racist?
SoCoKHntr wrote:
WesternHunter wrote:
Doesn't matter where the bank is. All that matters is that descrimination was very apparent, and it was higher for those minorities looking to buy homes in Boulder over anywhere else.

Like it or not, descrimination still exists no matter what side of the political party fence you are on. And it always will in some form or another.

The credit law should apply, but it not always does. Not saying we need special treatment of certain groups here, just saying what's fair should be fair according to the law.

I know one person who once worked not long ago approving credit for a bank. She said that sometimes they approved credit form someone based on what mood they may have been in on a particular day. Very sad!! The law should apply, but doesn't seem to. I could not believe this but also heard similar stories from others who've also worked for banks. I guess it's up to the consumer to inquire and then sick the law on the creditor.

But, you said this, "I thought Liberals prided themselves on being non-discriminatory and accepting of all people. I mean they always blame descrimination and racism as a right wing republican thing."

You made your statement political. Otherwise, I agree with some of what you said.

It's not political. It's just that you know something is wrong when a certain group of people who qualify for a home loan are denied when looking to buy specifically in Boulder. With all the liberals integrated in that town and with the "general" left wing mentallity that exists I would certainly not expect this finding.

WesternHunter's picture
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Is This Racist?
cowgal wrote:
The original point of this post was actually reverse discrimination. The article is about Democrats seeking to rescue minority owned broadcasters. So, if I'm not a minority and struggling to stay afloat - guess I don't get rescued.

All ad revenue is down, doesn't matter if your business is owned by white, brown, black or purple! Revenue is down for newspapers, magazines, broadcasters and web sites.

Its simply not fair to help a business based on color.

I agree! But, I also agree that it's not fair to decide who you will grant credit based on how you feel that day. Just like the example I gave from the woman I know who once worked in this industry. The law should apply as fair credit to all who qualify.

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