Thursday, January 22, 2009
The Color Of Money
Whats the true color of money. Is it really green? Is it light gray. How about black or white? No matter what the currancy is, all money is the same color but not for the same people. In a study of the Atlanta banks starting back in 1981, many blacks was experiencing that money had a face and it didnt resemble them. The middle class to upper class werent able to get loans as easy a white people. While a lower class black citizen wasnt eligble to recieve a loan, the lower class white person was recieving more loans than the eligble black people. Banks were favoring white areas by a 5-1 margin. It wasnt about home value nor household income but by the color of your skin determines the crediblity of your loan.
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I've often wondered about the true color of money as well. If this kind of practice took place in the 80's, it makes wonder if it's still happening today. Good response.
ReplyDeleteI will have to agree with Mr.Thornhill about wondering if this is still going on in today's world. Also I like how he talk about the high class, middle class, and low class citizen people. Another good point was made when he said that the banks were favoring whites areas by 5-1 margins.
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