Wednesday, October 11, 2023

At Least They Are Admitting the Government Did This, Not Capitalism

10/11/23 Los Angeles Times:
"During the Great Depression in the 1930s, the government-sponsored Home Owners’ Loan Corporation was established to stabilize the nation’s housing market. It helped struggling families prevent foreclosures by swapping mortgages that were in, or close to, default with new ones that homeowners could pay for.

"As part of the program, the corporation created security risk maps to evaluate mortgage lending risks. Greenlined areas were considered “best” for investment and tended to be white neighborhoods. Redlined zones were deemed “hazardous” and were disproportionately Black and other nonwhite communities."

And yes, the article is about how bird species are segregated.

1 comment:

  1. Off topic, but possibly of interest: The criteria for Firearms licensing in Israel, which very likely explains the 2% ownership rate.