Liberal Guardian: Credit scores are now racist
Move over, peanut butter and jelly sandwiches… According to the left-wing UK Guardian, credit scores are now racist. Seriously.
According to Sarah Ludwig, America sucks, and part of the reason it sucks is because banks allegedly refuse to give credit to people to can’t afford to pay the money back.
“Credit reports and scores are not race neutral. Rather, they embed existing racial inequities in our credit system and economy – to the point that a person’s credit information serves as a proxy for race,” she wrote.
Will this presidential election be the most important in American history?
Say what? She wasn’t finished:
People and communities of color have been disproportionately targeted for high-cost, predatory loans, intrinsically risky financial products that predictably lead to higher delinquency and default rates than non-predatory loans. As a consequence, black people and Latinos are more likely than their white counterparts to have damaged credit.
So apparently, it’s all part of a grand conspiracy to make sure minorities have poor credit.
Many of the commenters agreed with the false premise of the article. One person, however, got it:
Good point, just don’t hold your breath…
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