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Chainsaw Posts:8 2007-05-07 14:41:31 |
Liberals, is there anything that you do not look for discrimination in? |
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| I read this article and have a few quesitons
http://news.yahoo.com/s/ap/20070507/ap_on_bi_ge/auto_loans_race 1. Where does the person studying this take into account that blacks are much poorer as a % of the population compared to other groups? 2. Why is it the dealer's fault that someone does not negotiate a lower rate? Should it not be the person's responsibility, not the government. The dealers are there to get the most money they can out of people. Note this quote: "It's hard to believe that any differences in creditworthiness explain all of these rate gaps" How come they did not investigate this to say it for a fact? To respond to the comment "So, in other words, African-Americans should be charged higher because they are poorer?" When you do not pay your bills, you are a higher credit risk. Since I have worked at in-home sales, people who live in poor neighborhoods generally have very poor credit, especially to those in more affluent areas. That is why they are a higher risk and thus get charged more. It is clear many of you do not understand the term risk premium. Being black does not entitle anyone to anything good or bad. Also, poor people do not negotiate as much. When they know they have bad credit they are so greatful that they do not want to fear losing it by negotiating too hard. I have personally worked in a business where I encountered this repeatedly. |
| Nick F Posts:6 2007-05-07 14:45:27 |
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| yes, the mythical "libs" are the ones behind that survey |
| truthwillnotbesilenced Posts:3 2007-05-07 14:45:37 |
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| It's a fake scandal.
Just like redlining - a loan to buy a car that will be parked in the street in Mattapan will cost more than a loan to buy a car that will be garaged in Wellesley, for the same reason the insurance will be higher, because it's a secured loan and the collateral is placed at greater risk of theft or damage. |
| HarryMay Posts:7 2007-05-07 14:46:07 |
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| blah blah blah |
| Frank Posts:1 2007-05-07 14:46:44 |
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| Hmm... interesting that neither the news source nor the people in the article IDENTIFY THEMSELVES AS LIBERAL. |
| osama_bin_limbaugh2 Posts:1 2007-05-07 14:47:08 |
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| Yeah, science class. You PC cons demand that religion be taught in science classes and feel discriminated against when its not. |
| GuitarMan Posts:3 2007-05-07 14:47:20 |
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| And how does that have anything to do with liberals in particular, fool? |
Smiling Bob Posts:2 2007-05-07 14:48:33 |
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| So, consumer protection is wrong in your view. |
| Tom Posts:2 2007-05-07 14:49:12 |
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| Finding and making as many people into victims is how they create the need for them. The more victims, the more votes they get. |
| Aviator Posts:5 2007-05-07 14:52:37 |
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| It is a red flag. It might be completely because of financial tendencies and negotiation tendencies. But there is a chance that some cases, that contain racism, contribute to the differences. If there were no differences, then it would be moot to investigate racism. But if you see big differences like they show here, it shows that an investigation might be necessary. I don't really see this article as saying much more then these issues need to be investigated. |
| DuByA Posts:3 2007-05-07 14:53:05 |
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| Listen bubba, it's a known fact that blacks pay more for the same life, car, home insurance than whites. Conservatives call it capitalism at work. People who know better, call it what is, price gouging, predatory lending. I can say as your president, blacks have been given the short end of the stick. |
Posts:4 2007-05-07 14:58:13 |
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| Against white males.
Here is the deal, when you go somewhere to borrow money, creditworthiness determines the rate you will pay. If you have bad credit, you will pay more because people with bad credit do not always pay their loans back, therefore the lender has to be prepared for that so he has an even return along all risk lines. It is surprising that someone who knows nothing about lending and its risk can state that it is hard to believe creditworthiness is the cause, considering they have no idea what the default rate is. but of course why confuse the issue with fact. The fact is, socialists have been using race since Lenin was first beginning and he in fact may be the first person to use the term. Class envy, class warfare, collectivism is how you succeed in getting the workers to support you getting rich on their backs. |
| ShortBus43 Posts:2 2007-05-07 15:04:30 |
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| As a liberal I don't look for discrimination in anything.
Go big Red Go |
| vnlathndr775 Posts:2 2007-05-07 15:05:27 |
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| Where does it say that a liberal did this study, Sherlock? Asking a constructive question is more than regurgitating a link and adding your spin to it. Unless of course you weren't asking a constructive question which is probably the case. |
| priorityze_ur_lyf Posts:1 2007-05-07 15:07:04 |
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| So, in other words, African-Americans should be charged higher because they are poorer?
Something tells me you work this way. It kills me that you believe it is ok for businesses to continue this type of discrimination. Shouldn't loans and rates be fair for everyone, or only certain races and classes? |
I Love My Jeffy Boy Cries Bush Posts:5 2007-05-07 18:17:36 |
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| And the Republicans cry...
But Bill O'Lielly says its true... Where does it say that it was a Liberal who wrote the article? Ahhh...your such a typical Republican... So quick to assume, rather than have the real facts... |
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