{"id":167,"date":"2016-04-30T04:04:36","date_gmt":"2016-04-30T04:04:36","guid":{"rendered":"https:\/\/melangedmaculateme.wordpress.com\/2016\/04\/30\/the-line-that-may-have-won-hillary-clinton-the\/"},"modified":"2023-07-28T16:25:07","modified_gmt":"2023-07-28T20:25:07","slug":"the-line-that-may-have-won-hillary-clinton-the","status":"publish","type":"post","link":"https:\/\/melange.dmaculate.me\/home\/2016\/04\/30\/the-line-that-may-have-won-hillary-clinton-the\/","title":{"rendered":"The Line That May Have Won Hillary Clinton the Nomination"},"content":{"rendered":"
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Thanks to a number of settlements, we now know that some companies got many of those new signatures via intentional strategies targeting black and Hispanic customers. The most infamous example was Wells Fargo, which paid a $175 million settlement for systematically overcharging black and Hispanic borrowers.<\/p>\n

It came out that a Maryland office of the bank referred to subprime loans as \u201cghetto loans,\u201d and pushed its loan officers to unload as many as possible on the \u201cmud people\u201d of Baltimore and the surrounding suburbs. A crucial element involved pushing expensive and dangerous subprime loans on people who qualified for the safer, lower-interest prime loans.<\/p>\n

\u2026<\/p>\n

In conjunction with better-known offenses in 1960s & 70s] like blockbusting (i.e., clearing neighborhoods of white residents through scare tactics), the misdeeds of companies like Eastern Services helped destroy black neighborhoods practically overnight. They did so in much the same way the modern foreclosure crisis has now left deserts of blighted homes in cities all over the country, from Trenton to Fort Wayne to Fayetteville to Rochester to Port St. Lucie and beyond.<\/p>\n

Likewise, the \u201cinterest-only\u201d or \u201cnegative amortization\u201d loan of the subprime era, which allowed people to jump into new houses with little or no money down, was little more than an homage to the \u201ccontract mortgage.\u201d The latter was an infamous type of zero-equity real estate loan-sharking that targeted black homeowners throughout the pre-Civil Rights era.<\/p>\n<\/blockquote>\n

The Line That May Have Won Hillary Clinton the Nomination<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Thanks to a number of settlements, we now know that some companies got many of those new signatures via intentional strategies targeting black and Hispanic customers. The most infamous example was Wells Fargo, which paid a $175 million settlement for … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"link","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-167","post","type-post","status-publish","format-link","hentry","category-uncategorized","post_format-post-format-link"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":149,"url":"https:\/\/melange.dmaculate.me\/home\/2016\/06\/03\/uber-spreads-its-innovative-convenience-to\/","url_meta":{"origin":167,"position":0},"title":"Uber spreads its innovative convenience to subprime auto leasing.","author":"aslam","date":"June 3, 2016","format":"link","excerpt":"The brilliance of such innovations\/disruptions is that they maintain the systemic status quo. Why would anyone want to destroy the reliable value of poor people\u2019s vulnerability in the making of fortunes? http:\/\/bloom.bg\/1r0mH8l Bloomberg spoke to five auto-finance experts. Most said the leases are expensive, even predatory, compared with leases available\u2026","rel":"","context":"In \"Uber\"","block_context":{"text":"Uber","link":"https:\/\/melange.dmaculate.me\/home\/tag\/uber\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1139,"url":"https:\/\/melange.dmaculate.me\/home\/2012\/01\/26\/fbi-arrests-cops-for-rampant-abuse-of-latinos-rt\/","url_meta":{"origin":167,"position":1},"title":"FBI arrests cops for rampant abuse of Latinos \u2014 RT","author":"aslam","date":"January 26, 2012","format":false,"excerpt":"Via Scoop.it - Rights & Liberties The US Federal Bureau of Investigation is saying that four cops near New Haven, Connecticut bullied Hispanic residents of a quaint suburb in a multitude of cases and have now arrested the officers for their actions.Via rt.com","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":278,"url":"https:\/\/melange.dmaculate.me\/home\/2015\/02\/25\/this-is-who-we-are-chicago-police-detain\/","url_meta":{"origin":167,"position":2},"title":"This _is_ who we are: Chicago police detain Americans at abuse-laden ‘black site’","author":"aslam","date":"February 25, 2015","format":"link","excerpt":"The Chicago police department operates an off-the-books interrogation compound, rendering Americans unable to be found by family or attorneys while locked inside what lawyers say is the domestic equivalent of a CIA black site. The facility, a nondescript warehouse on Chicago\u2019s west side known as Homan Square, has long been\u2026","rel":"","context":"In \"black site\"","block_context":{"text":"black site","link":"https:\/\/melange.dmaculate.me\/home\/tag\/black-site\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":345,"url":"https:\/\/melange.dmaculate.me\/home\/2014\/12\/22\/maymay-yesterday-i-wrote-a-post-that\/","url_meta":{"origin":167,"position":3},"title":"maymay: Yesterday, I wrote a\u2026","author":"aslam","date":"December 22, 2014","format":"image","excerpt":"maymay: Yesterday, I wrote a post that apparently angered some people in the #PoliceLivesMatter hashtag on Twitter. (An archived version of my post is here.) So one of them decided to start \u201creporting everyone,\u201d overwhelmingly Black people judging by their Twitter stream, who speak up against police brutality in what\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/melange.dmaculate.me\/wp-content\/uploads\/sites\/2\/2014\/12\/tumblr_ngyppdn5al1qzs83po1_500.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":789,"url":"https:\/\/melange.dmaculate.me\/home\/2012\/11\/29\/bryan-stevenson-we-need-to-talk-about-an\/","url_meta":{"origin":167,"position":4},"title":"Bryan Stevenson: We need to talk about an injustice","author":"aslam","date":"November 29, 2012","format":"link","excerpt":"Bryan Stevenson shares some hard truths about America\u2019s justice system, starting with a massive imbalance along racial lines: a third of the country\u2019s black male population has been incarcerated at some point in their lives What Mr. Stevenson describes as our identity and the source of respect is aspirational. If\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48,"url":"https:\/\/melange.dmaculate.me\/home\/2017\/12\/04\/confidential-surveilling-black-lives-matter-usa\/","url_meta":{"origin":167,"position":5},"title":"Confidential: Surveilling Black Lives Matter | USA | Al Jazeera","author":"aslam","date":"December 4, 2017","format":"link","excerpt":"https:\/\/players.brightcove.net\/665003303001\/SJg0bzqkZ_default\/index.html?videoId=5645717723001Confidential: Surveilling Black Lives Matter | USA | Al Jazeera","rel":"","context":"In \"Black Lives Matter\"","block_context":{"text":"Black Lives Matter","link":"https:\/\/melange.dmaculate.me\/home\/tag\/black-lives-matter\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/posts\/167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/comments?post=167"}],"version-history":[{"count":1,"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/posts\/167\/revisions"}],"predecessor-version":[{"id":2218,"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/posts\/167\/revisions\/2218"}],"wp:attachment":[{"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/media?parent=167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/categories?post=167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/tags?post=167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}