How Systemic Racism and Implicit Bias Affects African Americans

I know it did. Gentrification is possible because the middle and upper middle class blacks are able to leave the inner city because they are no longer red lined. It's all related

 

I mean, becoming a black Tucker Carlson sounds like a seriously lucrative career opportunity.

 

https://www.badcredit.org/how-to/average-credit-score-by-age-race-state-income/

@B-Bob

More honesty. Actually read your article. The applicants have similar incomes and are applying for similar amounts but they don't compare scores.

The link is average credit scores by race. Do you think looking at credit scores in lending is systemic racism?

 

Lol people in the Bay Area can’t throw stats at Texans when the average house is 1.4 mill

unless you sold some Tesla stock you can’t own anything in the bay

ask him why all the African Americans live in Oakland instead of San Francisco

but tell b bob that I love Napa

 

He just doesn't know what he is talking about and is relying on his source to make his point. The problem is the source. The problem is today's journalism.

I worked in banking so I should know more than @B-Bob about lending. A news agency should do it's research before making claims of systemic racism. It's a bigger problem in journalism than the problems you talk about

His source isn't biased, it's lazy and ignorant

 

Journalism is more corrupt now because the audience has a lazy attention span
Which matches what you say

 

Is it still considered systemic racism or systemic discrimination if it turns out that after controlling for those variables Blacks/Latinos had correspondingly higher default rates?

 

Armstrong Williams, Kent Hamblin, Candace Owens, Ben Carson, Michael Steele pre-Trump and a few others already fit that bill. Thomas Sowell tends to be the one most breathlessly reposted by the few PhD educated conservatives I grew up or attended school with. Most of my other conservative childhood friends write angry posts about SoundCloud "being racist" during black music month, because "they only posted rappers."

 

You have no idea what you are talking about and instead of trying to learn you call people stupid.

This conversation is over.

 

The flaw here is that you are actually arguing that if you controlled for those variables that default rates would be linked to race. Why would a black family with the same income as a white family be more likely to default on a loan?

 

Assuming same loan / interest rates, they could just have less resources to fall back on (e.g. less savings, fewer family or friends who can back them up). My question was whether it’s still considered systemic racism if redlining lines up with increased default risk. If legally maximizing profits is considered economically rational, does systemic racism apply even when a lender is making an economically rational choice? I’m not arguing one way or the other — just trying to understand what the term covers.

 

You can't even read. I called your argument stupid.

I called you arrogant, just to be clear.

 

The study doesn't compare credit scores. You can stop reading right there. It's intellectually dishonest

A bank looks at your credit score before it looks at your income.

 

But it would also be intellectually dishonest to say there’s no systematic discrimination after controlling for credit score, if systemic discrimination is baked into credit scores as is argued here:

https://www.forbes.com/advisor/cred...-problems-with-current-credit-scoring-models/

 

You as a statician should appreciate that credit scores are basic mathmetical calculations. They take into account amount of debt, amount of available debt, and how often you pay on time.

There is no historical bias in those numbers

 

Denial of federal standard FHA loans and being subject to predatory lenders that write up worse contracts tend to do that. In Austin, you had predatory lenders that would take advantage of Hispanic people who weren't bilingual or black people with funds but were uneducated to the point where they didn't know the contents of the contract they were signing up for.

https://www.austinchronicle.com/news/2015-10-16/scammed-in-dove-springs/

This was recent too. Ya'll dummies can act like scam artists stopped taking advantage of redlining practices back in the 70s but that's some Hallmark Card banking bullshit.

Redlining even affects how often statistically you're likely to get pulled over by the cops.

https://www.washingtonpost.com/news...ric-segregation-shapes-biased-policing-today/

 

This is in relation to the the predatory lender in Austin.

https://senate.texas.gov/press.php?id=21-20170310a

For reference.

https://openstates.org/tx/bills/85/SB1994/

None of these were ever actually signed into law so predatory practices can still be conducted even today.

 

Then you think about how these poor neighborhoods were probably built with shoddy materials like lead paint back in the day which we now know can permanently affect people's cognition. Freddie Gray even got a settlement for it, although lawyers scammed him and his family out of the full amount he should have gotten for it. $54,000 for permanent brain damage when he should have received $280,000. This type of poisoning at least in Baltimore affects 99% of the black community. This was a side effect of red lining practices even.

https://www.washingtonpost.com/loca...60c1de-0d8c-11e5-9726-49d6fa26a8c6_story.html

https://www.inquirer.com/business/p...e-maryland-lawsuit-freddie-gray-20190121.html

Again ya'll act like scam artists aren't out in full force in 2021 and that the effects of redlining aren't still felt in present day.

 

I meant after controlling for variables that would include the type of loan given.

 

same difference dude.

Regardless, you still have no clue what you are talking about.