09-25-2008, 11:36 PM | #11 |
Senior Member
Join Date: Dec 2006
Posts: 8,596
|
__________________
"Have we been commanded not to call a prophet an insular racist? Link?" "And yes, [2010] is a very good year to be a Democrat. Perhaps the best year in decades ..." - Cali Coug "Oh dear, granny, what a long tail our puss has got." - Brigham Young |
09-25-2008, 11:38 PM | #12 | |
Senior Member
Join Date: Jul 2007
Location: North Carolina
Posts: 638
|
Quote:
I don't mean this as a rude question, I am just trying to get where you are coming from. Do you have a history in consumer lending? |
|
09-25-2008, 11:43 PM | #13 |
Demiurge
Join Date: Aug 2005
Posts: 36,367
|
Is it a market inefficiency for a company to have a policy not to hire niggers, FM?
|
09-25-2008, 11:49 PM | #14 |
Senior Member
Join Date: Jul 2007
Location: North Carolina
Posts: 638
|
FM, while you are (maybe) replying to my other posts, here are some related thoughts. I am a strong believer in the power of free markets, but we have plenty of examples where they have not fixed racial problems:
- Most economists I have read agree that slavery in the antebellum South was not economically sound (it would have been more efficient to pay workers). Why did it continue? - It certainly would have been more profitable for businesses during the Jim Crow area to serve all people, regardless of their color, yet they didn't. Why did the market not fix that? - In the specific case of redlining, why did poor white areas not get redlined nearly as much as comparable black areas? I'll tell you right now, it was not because they paid their loans better. |
09-25-2008, 11:53 PM | #15 |
Senior Member
Join Date: Jan 2006
Location: Kaysville, UT
Posts: 3,151
|
your race baiting is true to form. That has nothing to do with the discussion at hand and you know it.
__________________
Still fat ... |
09-25-2008, 11:56 PM | #16 | |
Demiurge
Join Date: Aug 2005
Posts: 36,367
|
Quote:
I used to be of the opinion that a business could do whatever it wanted. If it wanted to hang a sign out front "NO COLOREDS", that was ok. Not hire minorities? Ok. No mortgages to blacks? Ok. I argued the market would take care of it. I'm not of the same opinion anymore. |
|
09-25-2008, 11:57 PM | #17 | |
Senior Member
Join Date: Jan 2006
Location: Kaysville, UT
Posts: 3,151
|
Quote:
But before we gett to far afield into redlining, the premise of my post is that the government forcing banks to make risky loans is what started this. Agree or not?
__________________
Still fat ... |
|
09-25-2008, 11:59 PM | #18 |
Senior Member
Join Date: Jan 2006
Location: Kaysville, UT
Posts: 3,151
|
Of course not. That is a racist view. But if socioeconomic data says zipcode X is a high risk place to lend money, regardless of cause, is that racist? So what if it HAPPENS to be a pre-dominantly black area?
__________________
Still fat ... |
09-26-2008, 12:00 AM | #19 |
Demiurge
Join Date: Aug 2005
Posts: 36,367
|
Yes it is, because any model that only uses location is a DUMB model.
|
09-26-2008, 12:06 AM | #20 | |
Senior Member
Join Date: Jan 2006
Location: Kaysville, UT
Posts: 3,151
|
Quote:
Even though it's a war zone full of crack houses, etc.?
__________________
Still fat ... |
|
Bookmarks |
|
|