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explodicle@local106.com 11 months agoCredit scores are an improvement over white bankers deciding who gets loans. But they’re not an improvement over black-owned banks deciding who gets loans. The whites bombed Black Wall Street and then added a less bad (but still bad) alternative.
EhList@lemmy.world 11 months ago
Your grasp of history is odd. There are 60-70 years between the events you list here.
explodicle@local106.com 11 months ago
Of course it’s odd. Most people don’t see those “two steps back” (white bankers) as connected to the “one step forward” (credit scores from white bankers) because of this gap.
EhList@lemmy.world 11 months ago
No it’s odd because of the time period between them.
The fact you think it is “white bankers” who created credit scores rather than algorithms created by mathematicians, finance experts, and economists speaks volumes as to how poorly educated you are on this topic.
explodicle@local106.com 11 months ago
My grasp of history is odd because these two events were decades apart? Why do you think this duration is important?
I haven’t stated (and it doesn’t matter) who originally created credit scores. The authority figures to whom you’re appealing have also criticized credit scores for their racism. So I think it would be more constructive if we discussed the subject matter, rather than each other.