Michael Bloomberg said in 2008 that end of 'redlining' was to blame for financial crisis

Posted on AllSides February 13th, 2020
From The Left

(CNN) -- Michael Bloomberg said at the height of the housing crisis in 2008 that getting rid of "redlining," the biased housing practice that stopped banks from providing mortgages in low-income, largely minority neighborhoods, was to blame for the collapse.

Bloomberg's presidential campaign said Thursday the former New York mayor's comments, which were made at a Georgetown University forum in 2008, were meant to make the point that "something bad - the financial crisis - followed something good, which is the fight against redlining."
The 2008 comments were first...

Read full story
https://www.cnn.com/2020/02/13/politics/michael-bloomberg-redlining-housing-crisis/index.html

More News about Race and Racism from the Left, Center and Right

From the Left

From the Center

From the Right