Time to face the facts

[IM2]

The Federal Housing Administration (FHA) revolutionized home ownership by creating our current financial mortgaging system. In the process, it produced a lending structure which helped to solidify the racial segregation that still exists today.


The FHA has insured over 35 million home mortgages and 47,205 multifamily project mortgages since 1934. Currently, FHA has 4.8 million insured single-family mortgages and 13,000 insured multifamily projects in its portfolio.1
The Underwriting Handbook used by the FHA endorsed the practice of redlining, which marked African-American neighborhoods as ineligible for FHA mortgages.

1934: Federal Housing Administration Created

They didn't ENDORSE redlining. They confirmed the eligibility requirements. And it's their BUSINESS to have HEALTHY loans. If that statistically rules out lower income neighborhoods -- that's CLASSISM -- not racism...

What .I posted was from the FHA. They did endorse redlining.

Redlining is the practice of refusing to back mortgages in neighborhoods based on racial and ethnic composition .

Income has nothing to do with this

These maps which separated neighborhoods primarily by race paved the way for segregation and discrimination in lending. Many argue that it was the HOLC maps that set the original precedent for racial discrimination and allowed for it to be an institutional practice.

1934: Federal Housing Administration Created

Stop lying to yourself.

 

[Mudda]

Seems that everybody here is an expert on blacks. Now is the time to face the facts.

The hard cold facts.

The Racial Wealth Gap: Why Policy Matters

As the United States rapidly becomes both a more diverse and unequal nation, policymakers face the urgent challenge of confronting growing wealth gaps by race and ethnicity. To create a more equitable and secure future, we must shift away from public policies that fuel and exacerbate racial disparities in wealth. But which policies can truly begin to reduce our country’s expanding racial divergences?

Until now there has been no systematic analysis of the types of public policies that offer the most potential for reducing the racial wealth gap. This paper pioneers a new tool, the Racial Wealth AuditTM, and uses it to evaluate the impact of housing, education, and labor markets on the wealth gap between white, Black, and Latino households and assesses how far policies that equalize outcomes in these areas could go toward reducing the gap. Drawing on data from the nationally representative Survey of Income and Program Participation (SIPP) collected in 2011, the analysis tests how current racial disparities in wealth would be projected to change if key contributing factors to the racial wealth gap were equalized.

The Racial Wealth Gap: Why Policy Matters | Demos

We will start by discussing this study. This study says the economic gap between races which is at the root of the problem in the black community and Hispanic community is due to public policy decisions.

So let's increase welfare and food stamps payouts to close the gap? Or else maybe blacks should pull their pants up and get to work? Which do you pick?

 

[bgrouse]

It's time to put down what we have chosen to believe and look at the facts. Blacks are on board of all those trains. Entrepreneurial programs and job training have been there for at lest 50 years. Blacks are inventors and innovators today. Let's end the lectures to blacks and look at the facts. Lets not have people talking about wealth distribution for blacks when there is a very strong history of consistent wealth redistribution to whites.

So for this to work, you have to drop these central belief that whites seem to have about blacks,

Blacks are behind and are not trying to help themselves. Blacks do not have the skills necessary to start a business,. Blacks are waiting instead of innovating.

Last, this is an issue of race.

This study was put out by DEMOS in July of 2016.That's one year ago. Therefore the modern work force and all modern problems relative to todays job market have been considered.

Have you ever considered that correlation is not the same as causation?

 

[bgrouse]

Seems that everybody here is an expert on blacks. Now is the time to face the facts.

The hard cold facts.

The Racial Wealth Gap: Why Policy Matters

As the United States rapidly becomes both a more diverse and unequal nation, policymakers face the urgent challenge of confronting growing wealth gaps by race and ethnicity. To create a more equitable and secure future, we must shift away from public policies that fuel and exacerbate racial disparities in wealth. But which policies can truly begin to reduce our country’s expanding racial divergences?

Until now there has been no systematic analysis of the types of public policies that offer the most potential for reducing the racial wealth gap. This paper pioneers a new tool, the Racial Wealth AuditTM, and uses it to evaluate the impact of housing, education, and labor markets on the wealth gap between white, Black, and Latino households and assesses how far policies that equalize outcomes in these areas could go toward reducing the gap. Drawing on data from the nationally representative Survey of Income and Program Participation (SIPP) collected in 2011, the analysis tests how current racial disparities in wealth would be projected to change if key contributing factors to the racial wealth gap were equalized.

The Racial Wealth Gap: Why Policy Matters | Demos

We will start by discussing this study. This study says the economic gap between races which is at the root of the problem in the black community and Hispanic community is due to public policy decisions.

So let's increase welfare and food stamps payouts to close the gap? Or else maybe blacks should pull their pants up and get to work? Which do you pick?

Negroes? Work? Do you really want them handling any good or service that you may want to buy one day? As much as deportation would be the perfect solution, I can't help but conclude that whites are getting a bargain by paying them welfare to stay within their negrohoods and not do anything or interact with suburban whites.

 

[Unkotare]

Threads like this always end up as nothing more than pointless, racist idiocy. ^^^^

 

[Mudda]

Threads like this always end up as nothing more than pointless, racist idiocy. ^^^^

C'mon, "negrohoods", THAT'S funny!!