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Libs: "credit scores are racist"

http://www.theguardian.com/commentisfree/2015/oct/13/your-cr...
hyperactive cracking rehab
  10/13/15
here's a story about chingchongs justifying financial fraud ...
geriatric cuck office
  10/13/15
"Chi, who was twenty-four and worked in customer servic...
anal stag film fat ankles
  10/13/15
they're a huge part of the reason for the insane housing bub...
geriatric cuck office
  10/13/15
“To be honest, we didn’t think we were really breaking rules...
geriatric cuck office
  10/13/15
“To be honest, we didn’t think we were really breaking rules...
Ultramarine idiotic kitty cat potus
  10/13/15
Jews explain
Self-absorbed piazza
  10/13/15
lol and whose idea was it to give these "predatory"...
fishy titillating newt
  10/13/15
Having a coherent understanding of history is racist.
Mind-boggling wine trailer park
  10/13/15
i wish our political discourse were serious enough to have a...
Deep Hyperventilating Senate
  10/13/15
THIS. FUCKING THIS. ...but if the race-angle is the only ...
Drunken Marketing Idea Stead
  10/13/15
Removing objective scoring would hurt minorities who manage ...
Arrogant stage double fault
  10/13/15
"with more than half of all African-Americans and Latin...
Balding fanboi
  10/13/15
How do they know its medical debt?
lilac location
  10/13/15
cr. i don't think obama has legalized medical crack cocaine...
Ultramarine idiotic kitty cat potus
  10/13/15
I don't think FICO does, they just know debt to available cr...
Balding fanboi
  10/13/15
wtf would you put medical debt on a cc
Rough-skinned hospital community account
  10/13/15
"For decades, banks have systematically redlined black ...
fishy titillating newt
  10/13/15
Credit reports and scores are not race neutral. Rather, they...
Cerise fluffy antidepressant drug
  10/13/15
Well, sir, I am extremely high white these days you could sa...
Talented Foreskin Corner
  10/13/15
*puts gun in mouth*
Mind-boggling wine trailer park
  10/13/15
Can somebody explain what the fuck makes a mortgage "pr...
flushed coffee pot mediation
  10/13/15
selling dumb dumbs a loan whose interest rates balloon?
hot state organic girlfriend
  10/13/15
Those teaser-rate and op-ARM mortgages were pretty predatory...
anal stag film fat ankles
  10/13/15
The problem with the race thing on this is it wasn't just mi...
Balding fanboi
  10/13/15
During the height of the Great Housing Bubble, many shitmort...
anal stag film fat ankles
  10/13/15
Libs: "everything is racist"
greedy market striped hyena
  10/13/15
Its almost as if different races are different!
anal stag film fat ankles
  10/13/15
...and for some reason, REALITY discriminates against some o...
Drunken Marketing Idea Stead
  10/13/15
...
hyperactive cracking rehab
  10/13/15
I honestly can see some tard introducing legislation to give...
Balding fanboi
  10/13/15
180
contagious cruise ship
  10/13/15
Article: Credit scores don't correlate with job performance....
pearly harsh roast beef heaven
  10/13/15


Poast new message in this thread



Reply Favorite

Date: October 13th, 2015 2:38 PM
Author: hyperactive cracking rehab

http://www.theguardian.com/commentisfree/2015/oct/13/your-credit-score-is-racist-heres-why

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958069)



Reply Favorite

Date: October 13th, 2015 2:40 PM
Author: geriatric cuck office

here's a story about chingchongs justifying financial fraud (which they literally call "the Chinese way") for this very reason:

http://www.newyorker.com/magazine/2015/10/12/the-accused-jiayang-fan

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958084)



Reply Favorite

Date: October 13th, 2015 2:49 PM
Author: anal stag film fat ankles

"Chi, who was twenty-four and worked in customer service at a pharmaceutical company, ... Chen, her husband, who was a year younger... Chen worked at a hair salon. They’d been living in Chen’s studio apartment, not far away, but Chi was now pregnant with their first child and they needed a bigger place.

The plan was to buy a two-family house and rent out one of the units. Looking around the neighborhood, they found one with a small garden out front. The asking price was seven hundred and eighteen thousand dollars, and they began putting together a down payment with money from savings and relatives."

http://www.newyorker.com/magazine/2015/10/12/the-accused-jiayang-fan

JFC fuck these chinks.

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958147)



Reply Favorite

Date: October 13th, 2015 2:51 PM
Author: geriatric cuck office

they're a huge part of the reason for the insane housing bubble in Brooklyn these days.

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958163)



Reply Favorite

Date: October 13th, 2015 2:54 PM
Author: geriatric cuck office

“To be honest, we didn’t think we were really breaking rules so much as circumventing them—you know, in a Chinese way.”

...

“I thought the D.A.’s office might address the bigger, systemic problem of tax evasion in Chinatown and admonish the population about the importance of following the law,”

...

He was also scornful of Vance’s idea that Abacus had put its borrowers at risk. “They don’t need protection, because they are the biggest beneficiaries and perpetrators in the entire case. Some of these people earn half a million or more and still get to be on welfare and Medicaid.”

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958177)



Reply Favorite

Date: October 13th, 2015 2:58 PM
Author: Ultramarine idiotic kitty cat potus

“To be honest, we didn’t think we were really breaking rules so much as circumventing them—you know, in a Chinese way.”

...

“I thought the D.A.’s office might address the bigger, systemic problem of tax evasion in Chinatown and admonish the population about the importance of following the law,”

...

He was also scornful of Vance’s idea that Abacus had put its borrowers at risk. “They don’t need protection, because they are the biggest beneficiaries and perpetrators in the entire case. Some of these people earn half a million or more and still get to be on welfare and Medicaid.”

...



(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958198)



Reply Favorite

Date: October 13th, 2015 2:39 PM
Author: Self-absorbed piazza

Jews explain

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958078)



Reply Favorite

Date: October 13th, 2015 2:47 PM
Author: fishy titillating newt

lol and whose idea was it to give these "predatory" loans/mortgages to high-risk low-income minorities, hmmmmmm libs?

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958128)



Reply Favorite

Date: October 13th, 2015 4:59 PM
Author: Mind-boggling wine trailer park

Having a coherent understanding of history is racist.

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28959164)



Reply Favorite

Date: October 13th, 2015 2:50 PM
Author: Deep Hyperventilating Senate

i wish our political discourse were serious enough to have a more fundamental debate over data aggregation by private companies, and whether it should even be legal on an equifax-scale.

it's not legal in germany, for example. if you started compiling dossiers like that on private german citizens, you'd face five years in jail.

but instead, we're not a mature nation, and everything has to be dumbed down into divisive racial terms.

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958155)



Reply Favorite

Date: October 13th, 2015 3:20 PM
Author: Drunken Marketing Idea Stead

THIS. FUCKING THIS.

...but if the race-angle is the only way to pwn these fuckers, then I'm in.

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958391)



Reply Favorite

Date: October 13th, 2015 4:09 PM
Author: Arrogant stage double fault

Removing objective scoring would hurt minorities who manage their credit well. With no scoring available, bankers would look to soft factors like appearance, who your father is, where you went to school, job prestige. No way they're lending to Darnell the bus driver even if he pays rent and doesn't owe $2k to rent a center.

Also this would kill competition in the financial sector. Banks with lots of customers would have proprietary information to build internal metrics and it would benefit them to consolidate all a customer's business lines like insurance and retirement accounts to get a better look into their situation. Small banks could never break in.

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958819)



Reply Favorite

Date: October 13th, 2015 3:04 PM
Author: Balding fanboi

"with more than half of all African-Americans and Latinos carrying medical debt on their credit cards."

By all means, give them a house! Fuck what the FICO says about default rates. Math is racist.

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958248)



Reply Favorite

Date: October 13th, 2015 3:07 PM
Author: lilac location

How do they know its medical debt?

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958276)



Reply Favorite

Date: October 13th, 2015 3:14 PM
Author: Ultramarine idiotic kitty cat potus

cr. i don't think obama has legalized medical crack cocaine just yet.

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958329)



Reply Favorite

Date: October 13th, 2015 3:15 PM
Author: Balding fanboi

I don't think FICO does, they just know debt to available credit.

I think the article is pointing out how hard it is for minorities to get ahead and we're supposed to feel sorry for them. Unfortunately, for normal people reading this, it's like a no brainer that they need to budget for things like medical, dental and health before you had them a check for 100s of thousands of dollars and risk and more debt that isn't as important as basic needs like healthcare.

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958336)



Reply Favorite

Date: October 13th, 2015 3:17 PM
Author: Rough-skinned hospital community account

wtf would you put medical debt on a cc

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958345)



Reply Favorite

Date: October 13th, 2015 3:07 PM
Author: fishy titillating newt

"For decades, banks have systematically redlined black and Latino neighborhoods, refusing to make conventional loans or locate branches in non-white and lower-income areas,"

It's almost like banks don't want to build branches in high-crime, low-income neighborhoods....

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958274)



Reply Favorite

Date: October 13th, 2015 3:07 PM
Author: Cerise fluffy antidepressant drug

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.

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958277)



Reply Favorite

Date: October 13th, 2015 3:12 PM
Author: Talented Foreskin Corner

Well, sir, I am extremely high white these days you could say

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958307)



Reply Favorite

Date: October 13th, 2015 5:01 PM
Author: Mind-boggling wine trailer park

*puts gun in mouth*

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28959181)



Reply Favorite

Date: October 13th, 2015 3:07 PM
Author: flushed coffee pot mediation

Can somebody explain what the fuck makes a mortgage "predatory?"

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958281)



Reply Favorite

Date: October 13th, 2015 3:12 PM
Author: hot state organic girlfriend

selling dumb dumbs a loan whose interest rates balloon?

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958323)



Reply Favorite

Date: October 13th, 2015 3:17 PM
Author: anal stag film fat ankles

Those teaser-rate and op-ARM mortgages were pretty predatory, but shitlibs have trouble understanding who the real victims of the predation were (hint: not the dumn poors).

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958347)



Reply Favorite

Date: October 13th, 2015 3:23 PM
Author: Balding fanboi

The problem with the race thing on this is it wasn't just minorities that were doing this.

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958416)



Reply Favorite

Date: October 13th, 2015 3:26 PM
Author: anal stag film fat ankles

During the height of the Great Housing Bubble, many shitmortgages were packaged into mortgage-backed securities, which were rated AAA prime super-safe investments, and then sold to pension funds, etc. This created an unusual incentive to get dumb poors to lie on loan applications so they could sign more mortgages to sell to MBS to sell to pension funds. You could call these "predatory loans"

Now, as I said, who were the victims in all this?

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958442)



Reply Favorite

Date: October 13th, 2015 3:16 PM
Author: greedy market striped hyena

Libs: "everything is racist"

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958339)



Reply Favorite

Date: October 13th, 2015 3:17 PM
Author: anal stag film fat ankles

Its almost as if different races are different!

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958352)



Reply Favorite

Date: October 13th, 2015 3:20 PM
Author: Drunken Marketing Idea Stead

...and for some reason, REALITY discriminates against some of those races!

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958383)



Reply Favorite

Date: October 13th, 2015 4:53 PM
Author: hyperactive cracking rehab



(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28959110)



Reply Favorite

Date: October 13th, 2015 3:20 PM
Author: Balding fanboi

I honestly can see some tard introducing legislation to give an AA credit score boost.

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958390)



Reply Favorite

Date: October 13th, 2015 3:16 PM
Author: contagious cruise ship

180

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958342)



Reply Favorite

Date: October 13th, 2015 4:20 PM
Author: pearly harsh roast beef heaven

Article: Credit scores don't correlate with job performance. Therefore, they should not be used with respect to renting.

(http://www.autoadmit.com/thread.php?thread_id=3015827&forum_id=2#28958891)