In a scathing audit released earlier this week, retiring Inspector General Joe Ferguson concluded the city continues to deposit millions of tax dollars in banks that engage in discriminatory lending practices because the Department of Finance is not using the tools it has to stop it.
It’s pretty simple, if you don’t give me free money, you’re racist! Jesse? Al? A little help here!
Freddy
4 years ago
Like the Cayman Islands where the $45B in road money will end up.
debtsor
4 years ago
“banks that engage in discriminatory lending practices”; “It showed banks lend 12 cents in Black neighborhoods and 13 cents in Hispanic neighborhoods for every $1 they lend in white neighborhoods.” The doctrine of disparate impact, which treats all differences between groups as an inequity caused by racism, effectively turns the analytical inquiry of the enlightenment upside down. There’s no need to rationally and logically investigate the reasons why anymore, you just blame “racism” and “inequity” regardless of the cause. A bit like how our ancestors blamed sorcery or black magic. https://interactive.wbez.org/2020/banking/disparity/ This disingenious article doesn’t address that the white north… Read more »
She is a tool!
It’s pretty simple, if you don’t give me free money, you’re racist! Jesse? Al? A little help here!
Like the Cayman Islands where the $45B in road money will end up.
“banks that engage in discriminatory lending practices”; “It showed banks lend 12 cents in Black neighborhoods and 13 cents in Hispanic neighborhoods for every $1 they lend in white neighborhoods.” The doctrine of disparate impact, which treats all differences between groups as an inequity caused by racism, effectively turns the analytical inquiry of the enlightenment upside down. There’s no need to rationally and logically investigate the reasons why anymore, you just blame “racism” and “inequity” regardless of the cause. A bit like how our ancestors blamed sorcery or black magic. https://interactive.wbez.org/2020/banking/disparity/ This disingenious article doesn’t address that the white north… Read more »