Episode 626

Bloomberg once blamed blacks for the subprime mortgage debacle

00:00:00
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00:43:57

February 14th, 2020

43 mins 57 secs

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About this Episode

The hits just keep on coming with Mike Bloomberg. He's having to apologize yet again, this time for suggesting that redlining was a good thing and getting rid of it led to the sub-prime mortgage mess! Apparently, he is the white knight the Democrats need to rescue them from Bernie.

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Episode Links

  • Bloomberg once blamed end of redlining for 2008 collapse - Los Angeles Times — “It all started back when there was a lot of pressure on banks to make loans to everyone,” Bloomberg, now a Democratic presidential candidate, said at a forum hosted by Georgetown University in September 2008. “Redlining, if you remember, was the term where banks took whole neighborhoods and said, ‘People in these neighborhoods are poor, they’re not going to be able to pay off their mortgages, tell your salesmen don’t go into those areas.’”
  • Knitting Site Ravelry Bans Trump Support, Calling It 'White Supremacy' — Ravelry, a company that describes itself as a community of knitters and crocheters, announced Sunday that its website is erasing President Trump — banning any and all expressions of support for the duly elected president of the United States. Not being a crafter myself, I had never heard of Ravelry—a site that boasts 8 million users. The announcement was brought to my attention by a reader who uses the site. "Not even crafting is safe," she lamented in an email to PJM.
  • After Attending a Trump Rally, I Realized Democrats Are Not Ready For 2020 — I think those of us on the left need to take a long look in the mirror and have an honest conversation about what’s going on. If you had told me three years ago that I would ever attend a Donald Trump rally, I would have laughed and assured you that was never going to happen. Heck, if you had told me I would do it three months ago, I probably would have done the same thing. So, how did I find myself among 11,000-plus Trump supporters in Manchester, New Hampshire? Believe it or not, it all started with knitting.