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There is a strong contingent that believes that the risk of you defaulting on a loan should be taken into account in the terms of the loan. There is also the u
by seanflyon 11y ago
There is a strong contingent that believes that the risk of you defaulting on a loan should be taken into account in the terms of the loan. There is also the ugly fact that the risk of you defaulting is correlated with race.
- erikpukinskis 11y agoWhy is that an ugly fact? Of course it's harder to keep up with payments depending on your race. It says nothing about any particular races, it's just a side effect of institutionalize do racism. There are decades of data showing discrimination in almost every aspect of financial life. It would be a miracle if that didn't affect default rates.
- seanflyon 11y agoWhy would the damages caused by institutionalized racism be anything but ugly?