Ho hum, racism will always be there, nothing you can do...
What a cop out. We are talking about
institutional racism.
One reason blacks are poorer than whites? More than a century worth of discriminatory banking policies and practices.
Quote:
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JPMorgan Chase & Co. has been accused of discriminatory practices by both the city of Miami and the city of Los Angeles after it was revealed that the nation’s largest bank pushed Black and Hispanic borrowers toward risky home loan products. These practices eventually resulted in a “foreclosure wave that hammered property values and city coffers,” The Los Angeles Times reported. The lawsuits also insisted that JPMorgan has a history of discriminatory practices and “has engaged in a continuous pattern and practice of mortgage discrimination” in both of these major cities since 2004. The lawsuit also slammed the bank for refusing to offer mortgage refinance or loan modifications to Black borrowers.
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8 Major American Banks That Got Caught Discriminating Against Black People
The FBI released a report about infiltration of white supremacists into large American police forces after investigations revealed their presence in LA and Chicago among others. That report was released on 2006.
Institutional racism is still rampant in the united states. Much like how blacks began losing many of their hard fought rights in the 10-20 years after reconstruction, they have seen them clawed back in the 20 years following the civil rights movement. They are even taking the same form, restrictive voter identification legislation, gerrymandered distribution of minority populations to further limit their political influence, inconsistent application of justice from the state and federal level.