Velshi on how redlining harmed black families

MSNBC's Ali Velshi explains the housing practice known as 'redlining' and its consequences for black families.

17.2.2020

In 2008, Mike Bloomberg made comments linking redlining with the financial crash. AliVelshi defines redlining as 'a discriminatory practice by which banks, insurance companies, etc. refuse or limit loans ... within specific geographic areas.'

MSNBC's Ali Velshi explains the housing practice known as 'redlining' and its consequences for black families.



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hardball AliVelshi Bloomberg whiffed this one. Crash caused by out of control banks using faulty assumptions to make unaffordable loans without regard to the ability of the borrowers to repay the loans. This is the opposite of redlining. AliVelshi AliVelshi Banks are in business to make money. Gathering stats in order to help make more profitable loans is normal. Some geographical areas, as much as financial ability, help to keep losses at a minimum. Evidently, you've never owned a business where you are responsible to shareholders.

AliVelshi As if Mike was the only one. Was he around when Chi was redlined? How abt all the WWII black vets looking for homes in the 50's? When I see Jim Crow, Mike's face is one of the last I see. AliVelshi NBC playing into Soviet plans AliVelshi Senator Cory Booker did not make the cut for next week’s debate, but said he would not “argue with the refs” about the December event. WHY IS THE BILLIONAIRE WHITE MAN ALLOWED TO PARTICIPATE?

AliVelshi I really wish some of the braindead people who demonize redlining as racist would loan some of their hard earned money to people in these neighborhoods. It's a risk based business, and loaning money to people that will never pay you back is quite risky and obvious bad business. AliVelshi I dont doubt that redlining has an impact on poor minority communities, but there's no doubt that forcing banks to loan to people they knew could never pay them back was intrical in the mortgage crisis.

AliVelshi And can you balance that with Trump's history of housing discrimination against African American families please AliVelshi .... Mike2020 can defeat Trump. That's the only goal 😠 AliVelshi Hold your tongue

Velshi: Barr has shown us who he really is.AliVelshi reacts to AG Barr's criticisms of Pres. Trump's tweets, saying, 'We could take his most recent comments at face value, putting our hope in the integrity of Bill Barr ... but then again, he has given us little reason to do that.' AliVelshi AliVelshi AG Barr is the real deal AliVelshi Consigliere Barr it is.

Meeks on redlining: ‘Congress pushed the banks to give loans’Presidential candidate Michael Bloomberg won the endorsement of three key members of the Congressional Black Caucus this week, including New York Congressman Gregory Meeks of New York. MSNBC's Ali Velshi speaks to Meeks about Bloomberg's comments on redlining and his stop-and-frisk policy. AliVelshi Pathetic AliVelshi Just because he endorsed Mike doesn’t mean all black ppl going to follow. One man one vote🤷🏽‍♀️ AliVelshi Meeks is a Wall Street shill.

Velshi: Barr has shown us who he really is.AliVelshi reacts to AG Barr's criticisms of Pres. Trump's tweets, saying, 'We could take his most recent comments at face value, putting our hope in the integrity of Bill Barr ... but then again, he has given us little reason to do that.' AliVelshi AliVelshi AG Barr is the real deal AliVelshi Consigliere Barr it is.

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