About race and racism
Posted: Mon Nov 08, 2021 3:33 pm
Sue says that talking about white guilt is just a way to avoid talking about race and racism; in other words, it's a distraction. Well, then let's put aside the damage done to the self-esteem of white children and talk about race and racism. There are government programs that could help black people get ahead in the world and build up wealth if they want to do it. I'm not saying that's not what they want to do all I'm saying is it doesn't appear to be the case with too many individuals.
from another post:
Now let's talk about racism and redlining, to be specific. I don't think bankers are racist; I believe they are capitalist. They're not interested in skin color; it is the color of money that excites them. Why should they care where their profits come from as long as it is a significant profit. If a bank loses money loaning in a specific neighborhood, should they continue to lend money in that neighborhood?
I have a friend who was in real estate. He was an idealist kind of a guy who wanted to make the world a better place. He saw that our local public housing facilities are hundred percent black. He tried to put people in their own houses. He said if a person is buying a home, they're building equity in something with value, but if you're renting a house, you have nothing; you're creating equity for another person.
He specifically targeted the black community with something called rural development loans. Individuals can start paying for their own house with little more than rent money. The loan can be arranged in such a way that all expenses are paid out of the loan. He finally had to give up on the idea up. There's only one major stipulation in rural development loans the borrower must have excellent credit, and he couldn't find anyone with good credit. The best way to help black people to build up wealth would be to take away their credit cards. These individuals had bad credit because they couldn't or wouldn't control their spending. Who is responsible for the individuals' impulse buying? Is it the person , or is it the bank?
from another post:
Now let's talk about racism and redlining, to be specific. I don't think bankers are racist; I believe they are capitalist. They're not interested in skin color; it is the color of money that excites them. Why should they care where their profits come from as long as it is a significant profit. If a bank loses money loaning in a specific neighborhood, should they continue to lend money in that neighborhood?
I have a friend who was in real estate. He was an idealist kind of a guy who wanted to make the world a better place. He saw that our local public housing facilities are hundred percent black. He tried to put people in their own houses. He said if a person is buying a home, they're building equity in something with value, but if you're renting a house, you have nothing; you're creating equity for another person.
He specifically targeted the black community with something called rural development loans. Individuals can start paying for their own house with little more than rent money. The loan can be arranged in such a way that all expenses are paid out of the loan. He finally had to give up on the idea up. There's only one major stipulation in rural development loans the borrower must have excellent credit, and he couldn't find anyone with good credit. The best way to help black people to build up wealth would be to take away their credit cards. These individuals had bad credit because they couldn't or wouldn't control their spending. Who is responsible for the individuals' impulse buying? Is it the person , or is it the bank?
