Monday, July 01, 2013

Math is Cruel

Obama administration disproportionately denies student loans to minorities.

And yet, in what United Negro College Fund President Michael Lomax calls “a nasty surprise,” the Obama administration has begun denying student loans to disproportionately large numbers of black parents because of blemished credit histories.
Talk about audacity. Obama blames malfeasance by big banks for plunging the nation into a recession, then bails them out — and proceeds to punish black people for not making it through the economic maelstrom unscathed.

Although it is ironic that if a private lender was to make the same decisions for the same reaons, they would be sued for racism...which, come to think of it, is why why had the economic meltdown in 2008.

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