Now telling the TRUTH IS RACIST?

[Captain Creeper]

I happen to be black. I don't need to be explained about black people by someone white. Most others were given large amounts of federal economic assistance. Do I have to repost this again for you to understand?

Black Reparations for Twentieth Century Federal Housing Discrimination: The Construction of White Wealth and the Effects of Denied Black Homeownership​

Boston University Public Interest Law Journal, Volume 29, Issue 135 (Winter 2019)

Jane Kim​

Columbia University - Law School; Harvard University
Date Written: December 1, 2019

This paper examines the U.S. government’s instigation, participation, authorization, and perpetuation of federal housing discrimination against black-Americans from the 1930s to the 1980s and the damage that such discrimination caused and continues to cause today. Delving into the U.S. government’s twentieth century federal housing practices, this paper discusses how the government effectively barred black-Americans from obtaining quality housing and from investing in housing as wealth, while simultaneously subsidizing and endorsing white homeownership, white suburbs, and white wealth. Quantifying the U.S. government’s discriminatory practices with current wealth gaps between white- and black-American communities, this paper discusses the effects of twentieth century federal housing discrimination and argues that such government-initiated wrongs justify black reparations.

Part I examines the U.S. government’s housing practices—from the New Deal until the 1968 Fair Housing Act and its 1988 Amendments—to reveal that although the New Deal’s national housing programs revolutionized homeownership and home equity in the United States, the U.S. government’s federal housing programs were racially discriminatory. Specifically, and quite shockingly, the U.S. government actively created and promulgated racist neighborhood rating systems that constructed black neighborhoods and black property as unstable, volatile, hazardous, and not worthy of investment. Using these racist rating systems, the federal government endorsed racial covenants and invested federal money into the creation and accumulation of white wealth, the value of whiteness, white suburbia, and white homeownership. Meanwhile, the government denied blacks federal housing funding, fueling black stigma and barring black-Americans from the invaluable twentieth century opportunities of homeownership and home equity.

Understanding the U.S. government’s discriminatory housing practices, Part II discusses and quantifies the effects of the government’s housing discrimination on black-American households and communities.

Finding that approximately 120 billion 1950s dollars—or more than 1.239 quintillion 2019 dollars—were invested to subsidize and create white-American wealth through homeownership...

Black Reparations for Twentieth Century Federal Housing Discrimination: The Construction of White Wealth and the Effects of Denied Black Homeownership

This year marks the 400th anniversary of the first documented arrival of Africans to the United States, which resulted in the enslavement of approximately 4 mil

papers.ssrn.com

The White man done enuff fo the black man. In fact, we really overdid it, out of Christian guilt, I guess.

I think we way overpaid in reparations already paid. Us white folks deserve a refund!

 

[Captain Creeper]

Captain Queeg can't tell time.

Just reading the time stamp on your post, Linda.

 

[Captain Creeper]

Did you hear the food stamps recipients threatening to rob innocent, responsible, self-supporting people of their groceries if we didn’t fork over SNAP payments?

The entitlement is off the charts.

I did hear that. I also watched the ungrateful, entitled lunatics on YouTube.

 

[Woodznutz]

I happen to be black. I don't need to be explained about black people by someone white. Most others were given large amounts of federal economic assistance. Do I have to repost this again for you to understand?

Black Reparations for Twentieth Century Federal Housing Discrimination: The Construction of White Wealth and the Effects of Denied Black Homeownership​

Boston University Public Interest Law Journal, Volume 29, Issue 135 (Winter 2019)

Jane Kim​

Columbia University - Law School; Harvard University
Date Written: December 1, 2019

This paper examines the U.S. government’s instigation, participation, authorization, and perpetuation of federal housing discrimination against black-Americans from the 1930s to the 1980s and the damage that such discrimination caused and continues to cause today. Delving into the U.S. government’s twentieth century federal housing practices, this paper discusses how the government effectively barred black-Americans from obtaining quality housing and from investing in housing as wealth, while simultaneously subsidizing and endorsing white homeownership, white suburbs, and white wealth. Quantifying the U.S. government’s discriminatory practices with current wealth gaps between white- and black-American communities, this paper discusses the effects of twentieth century federal housing discrimination and argues that such government-initiated wrongs justify black reparations.

Part I examines the U.S. government’s housing practices—from the New Deal until the 1968 Fair Housing Act and its 1988 Amendments—to reveal that although the New Deal’s national housing programs revolutionized homeownership and home equity in the United States, the U.S. government’s federal housing programs were racially discriminatory. Specifically, and quite shockingly, the U.S. government actively created and promulgated racist neighborhood rating systems that constructed black neighborhoods and black property as unstable, volatile, hazardous, and not worthy of investment. Using these racist rating systems, the federal government endorsed racial covenants and invested federal money into the creation and accumulation of white wealth, the value of whiteness, white suburbia, and white homeownership. Meanwhile, the government denied blacks federal housing funding, fueling black stigma and barring black-Americans from the invaluable twentieth century opportunities of homeownership and home equity.

Understanding the U.S. government’s discriminatory housing practices, Part II discusses and quantifies the effects of the government’s housing discrimination on black-American households and communities.

Finding that approximately 120 billion 1950s dollars—or more than 1.239 quintillion 2019 dollars—were invested to subsidize and create white-American wealth through homeownership...

Black Reparations for Twentieth Century Federal Housing Discrimination: The Construction of White Wealth and the Effects of Denied Black Homeownership

This year marks the 400th anniversary of the first documented arrival of Africans to the United States, which resulted in the enslavement of approximately 4 mil

papers.ssrn.com

"Redlining" could have been defeated through borrowing from black owned banks. Oh wait, there were no black owned banks because black people didn't save enough money to support black owned banks. And if they did save it would have been in white owned banks because blacks don't trust black owned banks to safeguard their money.

 

[Captain Creeper]

"Redlining" could have been defeated through borrowing from black owned banks. Oh wait, there were no black owned banks because black people didn't save enough money to support black owned banks. And if they did save it would have been in white owned banks because blacks don't trust black owned banks to safeguard their money.

Black Banks: liquor stores that cash checks

 

[Woodznutz]

Black Banks: liquor stores that cash checks

I have been saying this to IM2 for years now.

"The reliance of Black-owned banks on white depositors is a significant aspect of the financial landscape in the United States. Historically, Black Americans have faced barriers to accessing formal banking services, leading them to rely on alternative providers like Black churches and Black-owned insurance companies. This reliance has contributed to the undercapitalization of Black-owned banks, which has severely restricted their ability to compete and underwrite credit. The absence of Black-owned banks in majority Black neighborhoods and the reliance on government deposits have created disparities between the banked and unbanked populations, exacerbating the wealth gap. Efforts to build trust and strengthen the financial system are essential to address these disparities and promote equitable wealth generation for Black families."​

Brookings+2​

 

[Lisa558]

"Redlining" could have been defeated through borrowing from black owned banks. Oh wait, there were no black owned banks because black people didn't save enough money to support black owned banks. And if they did save it would have been in white owned banks because blacks don't trust black owned banks to safeguard their money.

Wasn’t redlining back in the 70s? Two generations of blacks have been born since then - plenty of time to achieve home ownership.

My family arrived at Ellis Island penniless, without a word of English, and settled into tenements. By the next generation, their kids were college graduates with houses in the suburbs.

 

[Lisa558]

20 percent. That's the amount they spend on junk food.

It’s even worse than I thought.

And on the other end, they shouldn’t be allowed to buy expensive cuts of steak. There is something very wrong with the system when people who are given money for food can eat better than the people giving it.

 

[Lisa558]

I have been saying this to IM2 for years now.

"The reliance of Black-owned banks on white depositors is a significant aspect of the financial landscape in the United States. Historically, Black Americans have faced barriers to accessing formal banking services, leading them to rely on alternative providers like Black churches and Black-owned insurance companies. This reliance has contributed to the undercapitalization of Black-owned banks, which has severely restricted their ability to compete and underwrite credit. The absence of Black-owned banks in majority Black neighborhoods and the reliance on government deposits have created disparities between the banked and unbanked populations, exacerbating the wealth gap. Efforts to build trust and strengthen the financial system are essential to address these disparities and promote equitable wealth generation for Black families."​

Brookings+2​

When Jews were locked out of country clubs, they just formed their own.

Blacks should do the same type of thing.

 

[Hafar1014]

That is the biggest load of crap I’ve ever heard.

Black Wall Street" most commonly refers to the wealthy and prosperous African-American community in the Greenwood District of Tulsa, Oklahoma, which was devastated by a white supremacist mob in the 1921
Tulsa race massacre. The term can also refer to other historic Black business communities, such as Jackson Ward in Richmond, Virginia, and Parrish Street in Durham, North Carolina.

Blacks are the second poorest culture in America

 

[Hellbilly]

Blacks are the second poorest culture in America

Whites are the most evil

 

[Lisa558]

Blacks are the second poorest culture in America

I’m guessing the poorest is Native Americans?

 

[Hafar1014]

I’m guessing the poorest is Native Americans?

Correct and for the same reasons. The reservations were welfare states like the urban plantations. Best way to destroy a culture help them into dependence. Destroy their families insert the state into every aspect of their lives. Dont let them grow

 

[Woodznutz]

Wasn’t redlining back in the 70s? Two generations of blacks have been born since then - plenty of time to achieve home ownership.

My family arrived at Ellis Island penniless, without a word of English, and settled into tenements. By the next generation, their kids were college graduates with houses in the suburbs.

Redlining started in the early 1930's actually as part of Roosevelt's "New Deal". It ended in 1968 with the "Fair Housing Act". Many commentators say, "However, the damage was done." Meaning that blacks will never recover from the effects of redlining. Sad.

 

[Lisa558]

Redlining started in the early 1930's actually as part of Roosevelt's "New Deal". It ended in 1968 with the "Fair Housing Act". Many commentators say, "However, the damage was done." Meaning that blacks will never recover from the effects of redlining. Sad.

Why not? They’ve been given an advantage in getting into college, and they can then eventually move on to home ownership just the same as everyone else.

It’s been 50 years - two generations.

My point is if Jews can arrive here from a foreign country, escaping violent antisemitism, without a penny to their names, and not even speaking English,and within one generation move from a cold-water tenement to the middle class, then so can blacks.

And most have.

 

[Toddsterpatriot]

IQ tests are not valid indicators of intelligence for several reasons:

Is one of the reasons, you're a moron?

 

[Toddsterpatriot]

More ignorant white bs. We aren't worse off, and whites are victims of their own violence in much higher numbers. I had a father, and so do millions of other blacks. Again, your opinion was debunked 60 years ago. Fatherlessness does not create poverty,

In 2017, Demos published a study titled, “The Asset Value of Whiteness: Understanding the Racial Wealth Gap.” On page ten, this statement is written:

“The median white single parent has 2.2 times more wealth than the median black two-parent household and 1.9 times more wealth than the median Latino two-parent household.”

https://www.demos.org/sites/default/files/publications/Asset%20Value%20of%20Whiteness_0.pdf

Black men and black women are paid less than whites even when they are doing the same jobs and have the same level of education and experience.

Payscale did a two-year study from 2017 to 2019, and this is their conclusion: “We find equal pay for equal work is still not a reality.” They studied the earnings of white men and men of color using data from 1.8 million employees. They found that no matter how far they advanced, black men made less than white men with the same qualifications.

According to the study, “black men were the only racial/ethnic group not achieving pay parity with white men at some level.”

The “conservative” judgment of the single parent, unwed mother, and fatherless home because of irresponsible black men has problems. The National Women’s Law Center also showed that black women are paid less than other women.

“Black women have to work more than 19 months—until the very last day of July—to make as much as white, non-Hispanic men did in the previous 12-month calendar year.” Black women in high-wage occupations earn sixty-four cents for every dollar a white man earns. On average, that is 40,000 dollars per year less than white men in those same occupations."

https://nwlc.org/resource/equal-pay-for-black-women/,

This renders the unwed mother, fatherless home opinion meritless relative to income and poverty because a black couple can get married, daddy lives at home, and the family still makes less than whites. This is not about lack of education. Nor is it about the field of study.

“Even after completing undergraduate and graduate degrees, black and Hispanic workers earned less than non-Hispanic white workers with the same, or often less, education.”

“Even when Blacks and Hispanics go the extra mile and earn professional degrees, their incomes still don’t break six figures. Whites and Asians, however, double their incomes by earning professional degrees, allowing them to make well over $100,000 a year.”

https://www.mediapost.com/publications/article/ 348809/education-alone-cant-close-the-racial-wage-gap.html

So, let’s review. In low-wage paying occupations, Black men are paid 87 cents for every dollar a white man makes, and black women sixty-three cents. In high-paying occupations, black men earn ninety-seven cents for every dollar a white man makes, and black women 64 cents. A black married couple will earn less than a white couple even when all other factors are the same. So then your dumb ass argument is shot in the head by these facts.

We were not given 27 trillion in welfare. Being married doesn't erase the pay gap. You are a dumb ass repeating ignorance.

“The median white single parent has 2.2 times more wealth than the median black two-parent household and 1.9 times more wealth than the median Latino two-parent household.”

Because the median white single parent is older, better educated, employed, most likely previously married and receiving child support.

Even when Blacks and Hispanics go the extra mile and earn professional degrees, their incomes still don’t break six figures.

Weaker degrees.

Being married doesn't erase the pay gap.

Learn more, commit less crime, speak standard English, pull your pants up, tell your friends to do the same.

 

[Toddsterpatriot]

Finding that approximately 120 billion 1950s dollars—or more than 1.239 quintillion 2019 dollars—were invested to subsidize and create white-American wealth through homeownership...

Worst ******* math I've ever seen.
Her bad math almost makes you look like a math genius and you're anything but.

 

[Toddsterpatriot]

I happen to be black. I don't need to be explained about black people by someone white. Most others were given large amounts of federal economic assistance. Do I have to repost this again for you to understand?

Black Reparations for Twentieth Century Federal Housing Discrimination: The Construction of White Wealth and the Effects of Denied Black Homeownership​

Boston University Public Interest Law Journal, Volume 29, Issue 135 (Winter 2019)

Jane Kim​

Columbia University - Law School; Harvard University
Date Written: December 1, 2019

This paper examines the U.S. government’s instigation, participation, authorization, and perpetuation of federal housing discrimination against black-Americans from the 1930s to the 1980s and the damage that such discrimination caused and continues to cause today. Delving into the U.S. government’s twentieth century federal housing practices, this paper discusses how the government effectively barred black-Americans from obtaining quality housing and from investing in housing as wealth, while simultaneously subsidizing and endorsing white homeownership, white suburbs, and white wealth. Quantifying the U.S. government’s discriminatory practices with current wealth gaps between white- and black-American communities, this paper discusses the effects of twentieth century federal housing discrimination and argues that such government-initiated wrongs justify black reparations.

Part I examines the U.S. government’s housing practices—from the New Deal until the 1968 Fair Housing Act and its 1988 Amendments—to reveal that although the New Deal’s national housing programs revolutionized homeownership and home equity in the United States, the U.S. government’s federal housing programs were racially discriminatory. Specifically, and quite shockingly, the U.S. government actively created and promulgated racist neighborhood rating systems that constructed black neighborhoods and black property as unstable, volatile, hazardous, and not worthy of investment. Using these racist rating systems, the federal government endorsed racial covenants and invested federal money into the creation and accumulation of white wealth, the value of whiteness, white suburbia, and white homeownership. Meanwhile, the government denied blacks federal housing funding, fueling black stigma and barring black-Americans from the invaluable twentieth century opportunities of homeownership and home equity.

Understanding the U.S. government’s discriminatory housing practices, Part II discusses and quantifies the effects of the government’s housing discrimination on black-American households and communities.

Finding that approximately 120 billion 1950s dollars—or more than 1.239 quintillion 2019 dollars—were invested to subsidize and create white-American wealth through homeownership...

Black Reparations for Twentieth Century Federal Housing Discrimination: The Construction of White Wealth and the Effects of Denied Black Homeownership

This year marks the 400th anniversary of the first documented arrival of Africans to the United States, which resulted in the enslavement of approximately 4 mil

papers.ssrn.com

Understanding the U.S. government’s discriminatory housing practices, Part II discusses and quantifies the effects of the government’s housing discrimination on black-American households and communities. Finding that approximately 120 billion 1950s dollars—or more than 1.239 quintillion 2019 dollars—were invested to subsidize and create white-American wealth through homeownership,

Holy ****, again with this ridiculous bad math.

Everything on the entire planet isn't worth $1.239 quintillion dollars.

I know you're black and stupid, but maybe dial back on your black stupidity a bit?

Look up compound interest and maybe use a calculator?

0.232 quadrillion dollars?

That's 232 trillion.

Are black households in the US sitting on $232 trillion of assets?

Let's see, about 15 million black households in the US.........

The average black household has a net worth of over $15 million?

Holy shit!!

 

[tyroneweaver]

No you didn't. TRY ANOTHER ONE.

how would you know? You don't even know what a woman is.