http://www.realclearpolitics.com/articles/2011/07/19/good_things_110616.html
July 19, 2011
Good Things
Thomas Sowell
The media chimed in with expressions of outrage when data showed that black applicants for mortgage loans were turned down more often than white applicants. Seldom was it even mentioned that white applicants were turned down more often than Asian American applicants.
Nor was it mentioned that white applicants averaged higher credit ratings than black applicants, and Asian American applicants averaged higher credit ratings than white applicants -- or that black applicants were turned down at least as often by black-owned banks as by white-owned banks.
Such distracting details would have spoiled the story that racial discrimination was the reason why some people did not get the Good Thing of home ownership as often as others.
July 19, 2011
Good Things
Thomas Sowell
The media chimed in with expressions of outrage when data showed that black applicants for mortgage loans were turned down more often than white applicants. Seldom was it even mentioned that white applicants were turned down more often than Asian American applicants.
Nor was it mentioned that white applicants averaged higher credit ratings than black applicants, and Asian American applicants averaged higher credit ratings than white applicants -- or that black applicants were turned down at least as often by black-owned banks as by white-owned banks.
Such distracting details would have spoiled the story that racial discrimination was the reason why some people did not get the Good Thing of home ownership as often as others.
