Changes

Jump to navigation Jump to search
1,056 bytes added ,  00:39, February 14, 2020
Line 82: Line 82:     
===Redlining===
 
===Redlining===
 +
Bloomberg said the elimination of a discriminatory housing practices against minorities known as “redlining” was responsible for instigating the [[2008 Financial crisis]].
 +
{{quotebox|“It all started back when there was a lot of pressure on banks to make loans to everyone,” Bloomberg said at a forum that was hosted by Georgetown University in September 2008. “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.'
 +
 +
And then Congress got involved — local elected officials, as well — and said, ‘Oh that’s not fair, these people should be able to get credit.’ And once you started pushing in that direction, banks started making more and more loans where the credit of the person buying the house wasn’t as good as you would like.”<ref>https://www.pbs.org/newshour/politics/bloomberg-once-blamed-end-of-redlining-for-2008-economic-collapse</ref>}}
    
===Elitism and transgender toilets===
 
===Elitism and transgender toilets===
Block, Siteadmin, SkipCaptcha, Upload, Automoderated users, delete, edit, move, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, protect, rollback, Administrators, template
293,594

edits

Navigation menu