(((tedfrank)))

@tedfrank ↗

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Last Checked Jan. 22, 2023

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Sun Jan 15 01:11:50 +0000 2023

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(((tedfrank))) @tedfrank

@BradieMcguire DOJ didn’t allege that the minorities didn’t get loans. DOJ thought a tiny fraction of the minorities who have loans with WF should have gotten lower interest rates, and it was cheaper for WF to settle bogus accusations than fight because they didn’t want to peeve Obama admin. — PolitiTweet.org

Posted Jan. 15, 2023

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(((tedfrank))) @tedfrank

@BradieMcguire There’s zero evidence of that, and substantial evidence that banks bend over backwards to loan to minorities in response to government regulator pressure. — PolitiTweet.org

Posted Jan. 15, 2023

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(((tedfrank))) @tedfrank

@BradieMcguire Paywalled, but I’ve yet to see a financial journalist who covered this stuff accurately. Blacks have higher rates of mortgage default, which shows the opposite of banks granting them too few loans. — PolitiTweet.org

Posted Jan. 15, 2023