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The Uberization of Money
- Thread starter qxr1011
- Start date
"Imagine instead a simple online interface that could generate a tailored credit score for you, taking into account your future earning potential based on your education and location. "
So the future of banking is redlining on steroids. I don't think all the Obama donors in SV realize how illegal this is.
So the future of banking is redlining on steroids. I don't think all the Obama donors in SV realize how illegal this is.
redlining
Stupid bastards meddling in price discovery and banking gave us the subprime disaster of the 2000's. I remember the stories on tv about some Black attention whores that couldn't qualify for loans claiming that it was about their zipcodes, then the Clinton types followed up on Jimmy Carter's insane ideas and forced, yes they used the regulators to force banks to make a lot of bad loans. Hee hee, lenders fought back, got rules changed so they could package loans and sell them off and defeat completely the idea that a fractional reserve lender had to have some reserves. So I guess now some sickfucks want to revive the craze about redlining and make sure that people that will never pay back loans get freebie money! These sickfucks never give up...
Stupid bastards meddling in price discovery and banking gave us the subprime disaster of the 2000's. I remember the stories on tv about some Black attention whores that couldn't qualify for loans claiming that it was about their zipcodes, then the Clinton types followed up on Jimmy Carter's insane ideas and forced, yes they used the regulators to force banks to make a lot of bad loans. Hee hee, lenders fought back, got rules changed so they could package loans and sell them off and defeat completely the idea that a fractional reserve lender had to have some reserves. So I guess now some sickfucks want to revive the craze about redlining and make sure that people that will never pay back loans get freebie money! These sickfucks never give up...
Yes. Now the "income inequality" crowd is in the midst of their 15 minutes of agitation. And wait until someone takes a gander at the discrepancy between loan rates of minorities and non-minorities and the trend since 2007. The cycle will begin again, lest these evil banks continue to use racist FICO scores to give out loans.