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Democratic Primaries

Merlot

(9,696 posts)

14. By his description he doesn't even understand redlining.

Reply to liskddksil (Original post)

Thu Feb 13, 2020, 10:58 AM

Feb 2020

“Redlining, if you remember, was the term where banks took whole neighborhoods and said, ‘People in these neighborhoods are poor, they’re not going to be able to pay off their mortgages, tell your salesmen don’t go into those areas.’”

Capitalists just never get tired of blaming the mortgage crisis on poor people instead of banks who made the loans.

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primary today, I would vote for: Undecided

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Highlight:

Bloomberg Under Fire for 2008 Comments Blaming Mortgage Crisis on End of Redlining [View all] liskddksil Feb 2020 OP

he's a billionaire, he's a capitalist, he probably has no idea what its like to live in the real yaesu Feb 2020 #1

At least he's a self-made billionnaire democrattotheend Feb 2020 #13

12 years ago. patricia92243 Feb 2020 #2

That's right in the middle of his time as NYC mayor, the only political office he's ever held. DanTex Feb 2020 #3

No source. That doesn't make me suspicious at all. Squinch Feb 2020 #4

Fixed nt liskddksil Feb 2020 #6

And the rest of the article IS about the predatory lenders Squinch Feb 2020 #7

Message auto-removed Name removed Feb 2020 #5

No, it isnt. Now that we can read the article, you should. Squinch Feb 2020 #8

Message auto-removed Name removed Feb 2020 #9

That is true. Redlining was racist. Bloomberg was not saying Squinch Feb 2020 #12

The Bloomberg phenomenon makes me ill. earthside Feb 2020 #10

Makes sense; politicians LOVED to say things like: 'the housing market is up!' jmg257 Feb 2020 #11

By his description he doesn't even understand redlining. Merlot Feb 2020 #14

It looks like the article simply asks Bloomberg about the mortgage crisis...Bloomberg answered... SWBTATTReg Feb 2020 #15