70 Year Magazine Archive

Discreditable Reports

by Llewellyn H. Rockwell Jr.

Are bankers letting racism interfere with profits? Now that would be news.

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THE CONCEPT of creditworthiness, one of the last vestiges of institutionalized merit, is now under assault. Indeed, in the past year, loan discrimination has become the newest left-wing cause.

No campaign of the Left would be complete without a three-part series in the Washington Post. In โ€œSeparate and Unequalโ€ (June 6-8, 1993), staff writers Joรซl Glenn Brenner and Liz Spayd claimed pervasive racial discrimination in mortgage lending and argued for a step-up in government intervention to cure it.

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