The argument about property ownership is persuasive and SO important. I heard an interview a while back with an author who made another point about how African Americans being locked out of the housing market is self-perpetuating. Young people buying a first home who haven't yet established a credit rating often get mortgages by having a relative cosign the loan, and the banks want to see a property owner as cosigner. So the fact that African Americans got mortgages and bought property at a much lower rate decades ago means that their children will do the same.
Rhonda Byrne (The Secret) -- I wonder if this was the book the Simpsons sent up last night (pretty hilariously). I think they called it "The Answer" (with this kind of vague new age-y spirituality) but I can't remember entirely....
race and propertyenderwiggin24October 25 2009, 19:54:30 UTC
saw this trailer , and somehow instantly had a flashback to this entry of yours: http://www.hd-trailers.net/blog/2009/10/23/american-casino-trailer/ Too late, they discovered the truth. Cruelly, as African - Americans, they and other minorities were the prime targets for the subprime loans that powered the casino. According to the Federal Reserve, African-Americans were four times more likely than whites to be sold subprime loans. We meet the players. A banker explains that the complex securities he designed were “fourth dimensional” and sold to “idiots.” ...
phew, speaking of being fucked several times over....
can't say, I understood everything in that book, but I have a vague memory of some passages, that also talked about how house owners were not permitted to resale their houses to blacks, asians or mexians, or that Federal money aid for buying houses were also not given to blacks. sounds like what is often called in metaish fannish essays "institutional racism"!?
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http://www.hd-trailers.net/blog/2009/10/23/american-casino-trailer/
Too late, they discovered the truth. Cruelly, as African - Americans, they and other minorities were the prime targets for the subprime loans that powered the casino. According to the Federal Reserve, African-Americans were four times more likely than whites to be sold subprime loans. We meet the players. A banker explains that the complex securities he designed were “fourth dimensional” and sold to “idiots.”
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phew, speaking of being fucked several times over....
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The Everyday Language of White Racism (Blackwell Studies in Discourse and Culture)
http://www.amazon.com/Everyday-Language-Blackwell-Studies-Discourse/dp/140518454X/ref=sr_1_3?ie=UTF8&s=books&qid=1256500615&sr=1-3
can't say, I understood everything in that book, but I have a vague memory of some passages, that also talked about how house owners were not permitted to resale their houses to blacks, asians or mexians, or that Federal money aid for buying houses were also not given to blacks.
sounds like what is often called in metaish fannish essays "institutional racism"!?
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