Quote from PHOENIX TRADING:
Horse poop , your "institutional racism" is merely the resultant fact that even when one controls for income, age, sex, education etc etc minorities of a certain persuasion risk profile aka (default rate) is Higher.
So yeah mofo's less likely to pay (their contractual obligation) pay more.
You act like you are upset by this but since I'm a little familiar with these type households one would be amazed at how many don't/can't have checking accounts.
Pay all their bills by money order because they don't understand how to write /use a checking account. Might as well forget about online banking and bill pay.
Many are functionally illiterate esp financially , simple stuff middleclass whites and above learn as tweens.
bottom line fiscal incompetence is endemic to the population along the whole spectrum so don't whine to me about racism.