TTSR Recycled
“Racism”
For younger generation, hearing about racism between whites
and blacks over mortgagees in the September 14th, 2005 issue of the New
York Times would appear as ‘news’ when in reality, it is a recycled
story from thirteen years prior that makes a big deal out of nothing because it
is actually not racist.
The original story was published in the Wall Street Journal that
claimed blacks were being denied mortgages while whites were receiving them, a
touching piece to be sure that mentioned nothing about incomes, credit ratings,
or any of the prerequisites to receiving a mortgage.
Under all the hype, many blacks had poorer credit ratings
than what was needed, so the statistics of the original story in 1992 were 72%
of blacks and 89% of whites receiving mortgage loans, not quite the extreme ‘racism’
we were led to believe but what can you expect when the general populace is
willing to believe almost anything at face value.
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