M. Miszewski wrote:

Actually, my assertion was that the basic motivation was racism and ignorance. My example of student loan default rates should clear that up. College graduates generally live outside of redlines and yet are regularly offered credit. And yet default rates on student loans are outrageous (the government backing of these loans is irrelevant to individual creditworthiness).

Whoa! How 'bout backin' out minority-oriented "beauty" and other phony trade "schools" from your assertions? Looka-here: the moment that you exclude merit from scholastic and credit decisons, the more that you get into unfortunate decisons for society.