I've been in banking for over 25 years, many on the lending side. Redlining has been illegal for years, if your bank is found to be redlining it will loose its ability to lend and therefore go bankrupt. Banks are annually and some times semi annually audited by the Federal Reserve or state agencies that make it impossible to redline. People mistake the inability to borrow due to work history, collateral value or better yet payment history as redlining or so it seems.
Uh, it went down under GWB. In fact, the deficit the year before the financial crisis was the smallest ($161B) since our surplus years and smaller than any deficit since.
Look at who you are replying to. He doesn’t understand the difference between deficit and debt.
This is a fallacy. The idea that there are 10’s of thousands sitting in Federal prison because they had an eighth of weed on them is a ridiculous lie. But that’s what she makes it sound like.
Trickle down economics is a sound philosophy in that only those who posses large amounts of capital are capable of providing jobs and innovation, lowering cost of living and price of goods, etc.
Presupposes that’s what it’s used for. Chicago Econ etc are not adherents of trickle down - nor am I. Old guard pubs. Wars. Pass.
I’ve been on multiple bank boards over 30 years. Red-lining data is looked at reviewed by boards multiple times a year. The FDIC reviews the data during audits. I guess bank boards and the FDIC are racist and ignore the bank data.
Check-out cities in the US, Chicago, Milwaukee, Birmingham Jackson, Baton Rouge, Detroit, Newark, and Philadelphia just to name a few. These cities are very segregated. Maybe you have something the bank boards and the FDIC are racists. There are ways of getting POC from different neighborhoods.
