Page 46 - Red Lining News Today : Breaking News, Live Updates & Top Stories | Vimarsana

From deutsch bank. >> first, i just want to say how appreciative i am to have been appointed to this committee under the leadership of chairwoman maxine waters. this house is the only checks and balance right now we find ourselves the country at a crossroads at a time where corruption is at a height and we're very polarized. the american people deserve truth and this committee will pursue that. we've got a full agenda. there's a lot of emphasis on the current occupant of this white house and this entire administration is daily undermining and threatening and rolling back civil right and protec...

Barring that, this is strong evidence that there's something discriminatory going on in the ways in which blacks are steered towards house. >> at least legally we don't have red lining. during the recession black people were charged higher interest rates on their mortgages because they were black. in theory we tried to do away with a lot of these things. do you think this is changing for the better because if it doesn't change african-americans will be way behind in wealth creation for decades to come. >> do i think it's changing? the way for it ultimately to change is if blacks are able to ge...

Builds wealth in the form of equity in your home. now, through the mid 20th century, local governments and financial institutions used a practice known as red lining. they would literally draw red lines around black neighborhoods leading to fewer municipal services, lower home values in those areas. but that was supposed to have ended. a study of the brookings institution found that neighborhoods that at least 50% black have an average, an average of 23% lower home values. this is serious. the devaluation to give you a bit about how this is done, measured against comparable neighborhoods looki...

We have the highest rates of car insurance because of the practice of red lining. i'm going to lift their voices up. i will outwork the hate. i will outwork every single thing on the agenda of the right wing. i don't care if it's trump or whatever it is that's leading the kind of push against the working families that i represent. but it's going to be loud, direct and clear and it's going to be about those issues and values. my district did not vote for me because i'm muslim. they voted for me because i have the heart and love and passion to give them a voice in the united states congress. >> ...

Being a critical issue. we have a housing crisis in this country. people can't afford rent, they can't afford to buy and, a big part of this is that we have government that has not been on the side of people who are trying to get into the housing market, who are trying to afford their homes. so, what i've done in this bill is, i'm working on expanding the number of homes available. it's about 3 million housing units that would be created, but also focusing, in particular, on the fact that the federal government actually advanced housing discrimination starting in the 1930s with red lining. whe...