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Response to Duke Lacrosse (Reply #1)

Thu Dec 6, 2018, 01:36 PM

4. This is true however,

we've never honestly addressed the reality of what the Federal Government did with the FHA and redlining to restrict the ability of African Americans to build home equity wealth from the 1930s through the 1960s.

How do you fix that? I'm thinking direct reparations won't work but how about low interest or no interest home loans for those whose parents were denied access to the suburbs through direct interference from the government that was supposed to treat them as equals?

While white folks parents and grandparents were getting decent FHA loans for over 30 years during the massive housing buildup from the end of the depression through the sixties blacks were denied those same loans in those same suburbs for no reason other than being black.

Consequently black families on average were never able to build the kind equity based generational wealth that white parents were able to build to finance educations and to pass some wealth on to their heirs.

Just ending the discrimination in no way fixes the reality of the original discrimination's effect on black family stability and wealth creation.

I'm not seeking to place blame, I'm genuinely asking how do we make something like that right today? Like I state earlier I think access to below cost loans might be a start, then you're not giving anyone anything but you are trying to reset the wealth table to include those who were denied a seat originally.

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Dumper Dec 2018 OP
Duke Lacrosse Dec 2018 #1
Ruby Dec 2018 #2
quad489 Dec 2018 #3
LineLineNew Reply This is true however,
nolens volens Dec 2018 #4
Duke Lacrosse Dec 2018 #6
rampartb Dec 2018 #5
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