Page 27 - Red Lining News Today

Manufacturing jobs. if 50,000 or 100,000 come back, youve still got a minus and you still have to deal with the 90,000 vacant lots and vacant homes in the city of detroit, insurance red lining and foreclosure. weve been saying this all along. we dont need financial stability, we need economic recovery. theres no connection between throwing democracy out and fixing the financial crisis. this is bad public policy. who drew this play? whats going on. in egypt, it was pharoah and the south slave mas...

You look at 300,000 people leaving one city, youre seeing the tax base leave. its not in financial strain because of mismanagement because people are incompetent, not the right analysis. we have to deal with foreclosure, insurance red lining. what the state should be doing is helping to -- the federal government, county government and state government to reinvest in these cities. michigan is a manufacturing state. really, a one industry state. so, as the automative industry, we saw manufacturing...

Because of mismanagement because people are incompetent, not the right analysis. we have to deal with foreclosure, insurance red lining. what the state should be doing is helping to -- the federal government, county government and state government to reinvest in these cities. michigan is a manufacturing state. really, a one industry state. so, as the automative industry, we saw manufacturing meltdown, saw plants go from michigan to mexico. thats trade policy. this is not incompetence in detroit....

Mortgag mortgages. the lending insurance taugss are holding worthless paper they come up with ways to turn the paper into creating mortgage backed securities for budget dupes down the line. that kept happening until there was nobody left to buy them. the whole thing blah up and it is where we are. wall street had nothing to do with it. wall street tricked people into coming in and getting these loans. they were told. they were ordered by the government to make these loans in fairness stop red li...

Myth put up by some commentators that the investment act was responsible for the national crisis. remember this narrative? >> sure. >> the studies of the portfolios of cra loans show they were as safe or more safe and more sound than regular loans. mink when you have good underwriting standards, decent interest rates, transparency in fees, somebody in between helping people navigate this process, you can actually get credit out safely and profitably. crazy idea but we can do it. >> community rei...

Dichotomy. the tea party protest came out of tarp bailouts. they were for less government. this group is demanding debt forgiveness, they are demanding a living wage without employment. figure that one. they are demanding for more government and the tea party was demanding less. and i think change the narrative is the goal here. the fact of the matter is government did create this debt crisis. you had affordable housing mandates coming from the cra act of 1977. and the demand that fannie and fre...

From their parents until age 26. many will benefit on the front side from the new health care bill and that will diffuse a lot of anger. think the president and his tours must begin to go to some zones and hospitals in areas to show this is good for the healing of america. >> the racial divide in this country from jobs to health care, why is it in your opinion such a gap between blacks and hispanics? >> we have not addressed in a meaningful way expanding poverty. we bail out the banks top down. ...

Present day winchester. in other words, freddie grays neighborhood. yellow means the area will likely be infiltrated from an unpopular area. marking the black areas in red, known as red lining. the federal loan guarantees made it more affordable for certain families usually white families to own homes. the neighborhoods where our banks wouldnt lend and where black families were forced to live. most of the weight of middle class families in this country is the direct result of home ownership. and...

Legacy of segregation and its enduring power. >> you dont see crime, you dont hear about crime in downtown chicago on the north sides of the city. and when it happens, its so high profile, it gets dealt with immediately. south and west sides, people live with crime, spry lens on a daily basis. if youre not in those neighborhoods and you not because you dont live in those neighborhoods because the city is so segregated, you dont know about it. it doesnt matter. it doesnt happen. >> chicago didnt ...