Friday, January 16, 2009

The Color of Money

What makes this story newsworthy is that it shows how banks discriminate against black people. How can banks give loan offers depending on race? This story shows how racism is evident everywhere, even in our banks. The 5 to 1 margin story discusses the practice of redlining, which effectively cuts off neighborhoods from recieving loan offers. This practice not only affects black neighborhoods, but neighborhoods with low income.

Could this have been done without the aid of computers? The answer is yes, in principle. The story could have been written out on paper, but it would have taken considerably longer. If this were a story for a newspaper, it would have to be written very quickly due to the strict deadlines of a typical newspaper operation.

Finding out what the banks were doing to remedy the problem would have made this story better. It doesn't seem like we get to really know what the banks are doing. Spokespeople from the banks mentioned in the story are talking, but there are no statistics. It makes me wonder if the problem is being solved at all.

3 comments:

  1. You are absoulutley right. It is amazing where you can find racism.You would think that the only color banks would see is green but because of this that isn't true. This reaction was a very good and well written one.

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  2. I agree with you racism is still alive and well even though many people has said that race discrimination has died. In this day in time banks are really and true fully afraid to loan to anyone. Do you feel that if it were not for the use of computers people would have doubted his story?

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  3. I will have too agree with the Mr.Jackson and Ms.Lloyd about racism still going on today. I feel that the reactions was outstanding and well written. Also thankful for the use of computers.

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