On Jan 4, 2008, at 12:22 PM, Wojtek Sokolowski wrote:
> Stated diffrently, the
> sub-prime crisis is not a result of capitalists
> targeting ethnic minorities, but a result of
> capitalists trying to make a profit by any means -
> just as stated in the economics textbook. The fact
> that minorities are the ones most affected is simply
> an artifact that they typically have the least
> defences against such profiteering schemes.
To use the language of stats, after all other relevant variables are controlled for, race is still significant. Why is it so hard to believe that (white) mortgage brokers and bankers think of black people differently? Why are you and so many others so eager to deny that race makes a difference?
Doug