Фалькенштейн
Nov. 9th, 2009 09:48 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
birdwatcherFalkenblog -- Events are either anomalies or examples of a pattern based on a simple politically correct view of how the world works, still based on Marx's class lens: the dominant class is responsible for everything bad done by everyone, either directly or indirectly. The Statistical Abstract of the United States has lots of tables on crime victimization by race, but not the perpetrator by race, because we don't want to blame the victim.
How does this relate to finance? The Fed keeps easy to read data on mortgage rejection rates by race, but hides default rates by race, which has led to innumerable simplistic newspaper stories that have 'proved' rampant discrimination by banks.
How does this relate to finance? The Fed keeps easy to read data on mortgage rejection rates by race, but hides default rates by race, which has led to innumerable simplistic newspaper stories that have 'proved' rampant discrimination by banks.
