[lbo-talk] Sub-prime crisis in Kansas City

[John Thornton]

Jordan Hayes wrote:
> Seth asks:
>
>   
>> [...] why these people wouldn't give a black guy a prime mortage ...
>>     
>
> It's not really up to them anymore, it's up to FICO.  Count that in a 
> good column.  But I do think that near the end -- especially after the 
> early part of 2005 -- poor areas were targeted and sold a bill of goods 
> by vultures.  Whether that's a racist conspiracy or not, I couldn't say.
>
> /jordan 

Poor areas were targeted and sold a load of crap deliberately because 
they were an easy target of exploitation.
It is certainly a racist set of policies that leas to this but how does 
one define conspiracy?
Does anyone doubt several almost exclusively white men sitting in an 
office deliberately set about taking advantage of poor people of color?
Does anyone doubt that poor people of color were targeted more often 
that poor white people?

John Thornton