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De Omnibus Dubitandum - Lux Veritas

Friday, February 16, 2018

How can banks discriminate against blacks in a free-market economy?

By Ed Straker February 16, 2018

The PBS NewsHour, which I love for telling me what to think and when to think it, had a piece yesterday about a black lesbian woman who claimed she couldn't get a mortgage because racist banks wouldn't lend to a black person. When her Japanese lesbian partner applied for a loan, however, she quickly got it.

Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts.

It found a pattern of troubling denials for people of color across the country, including in major metropolitan areas such as Atlanta, Detroit, Philadelphia, St. Louis and San Antonio. African Americans faced the most resistance in Southern cities – Mobile, Alabama; Greenville, North Carolina; and Gainesville, Florida – and Latinos in Iowa City, Iowa............... Read more

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