UNDERNEWS

Undernews is the online report of the Progressive Review, edited by Sam Smith, who covered Washington during all or part of one quarter of America's presidencies and edited alternative journals since 1964. The Review has been on the web since 1995. See main page for full contents

September 1, 2009

HOW THE FEDERAL GOVERNMENT TAUGHT SUBURBANITES TO BE RACISTS

[FDR's Home Owners Loan Corporation, the HOLC,] figured out how real-estate markets worked and systemized an appraisal methodology that would help banks, lenders, and home owners guarantee the investment value of their properties. People were not about to take out mortgages to buy homes in neighborhoods that might go down in value. Banks were not inclined to lend the money, either. The long-term financial commitment of a thirty-year mortgage meant ensuring that the main characteristics of a neighborhood remained stable over time.

Instead of measuring this stability in terms of civic participation, church membership, community reinvestment, or local volunteerism, the HOLC evaluated neighborhoods through more familiar statistics: age, jobs, income, housing materials, and, most of all, race. The new, mathematically justified system for classifying neighborhoods became known as "red lining." The scheme used colors, letters, and numbers to code the desirability and investment value of different neighborhoods. Green was the best - a homogeneous, perpetually high-demand area, occupied by white businessmen and professionals, with no Jewish infiltration. Blue was next, for desirable areas that had already reached their peak. Yellow was for neighborhoods in decline, and red was for those already fallen. "Full decline" meant that black people already lived there. . .

Appraisers learned to see any mixing of races as a sign of instability and impending price drops. This logic trickled down to home owners who were tied to big mortgages and had more of a stake in the value of their property than the quality of their lives or, least of all, the eradication of their prejudices. Besides, recognizing the precursors to a neighborhood's infiltration by blacks or Jews meant getting out in time to win a good price for one's home and pay back the mortgage. Getting out too late could mean owing more on a house than it was currently worth. Thanks to the way the federal government promoted home ownership, suburbanites learned to become more racist as a means of financial survival. - Life, Inc.: How The World Became A Corporation And How To Take It Back, by Douglas Rushkoff

MAKING CITIES BLACK & POOR: THE HIDDEN STORY

15 Comments:

Anonymous Anonymous said...

Interesting take...

That Jews could reduce the property values in a neighborhood. Especially when you realize the Tribe of Judah is well represented within the banking and lending industries.

Go Figure.

September 1, 2009 7:35 PM  
Anonymous Anonymous said...

Weren't Jews often associated with ghettos in Europe?
Arcadia, Ca had CC&Rs that restricted Jews and others until the 1970s!

September 1, 2009 8:00 PM  
Anonymous Anonymous said...

"That Jews could reduce the property values in a neighborhood. Especially when you realize the Tribe of Judah is well represented within the banking and lending industries."

Nice to see that the anti-Semites disguising themselves under the white hood of 'progressivism' are still alive and well on your site, Sam.

Go Figure...with all the encouragement they receive here for parading their disgusting racism under the mantle of enlightened political commentary.

September 2, 2009 4:43 PM  
Anonymous Anonymous said...

Sounds like Anonymous 7:35 must've been attending classes at The Federal Government School of Racism, 4:43.

September 2, 2009 4:48 PM  
Anonymous Mairead said...

"Weren't Jews often associated with ghettos in Europe?
Arcadia, Ca had CC&Rs that restricted Jews and others until the 1970s!

The European ghettos were self-governing enclaves. Goyish law didn't apply there. The Jews paid for that privilege so that they could maintain their psychopathic fiction of being God's Chosen People.

The restrictive covenants in the US and elsewhere were psychopathic in the opposite direction: Jews were lesser creatures, unwelcome among the Christians (who, without actually saying so very often, also considered themselves God's Chosen People.) Psychopaths rarely like one another.

September 3, 2009 5:21 AM  
Anonymous Anonymous said...

"The Jews paid for that privilege so that they could maintain their psychopathic fiction of being God's Chosen People"

I wish the Nazis here would go back to anally raping themselves with sausages and leave the Jews alone, pleaseand thanks; a little glimpse into the nasty corners of your psyches is instructive but after that it just gets quease-making.

I'd always suspected Mairead was a particularly ugly bit of Irish-American Catholic psycopathy on this site, but it's nice to know she's willing to put it out there so blatantly for full dress ecumenical delectation.

September 3, 2009 12:36 PM  
Anonymous Mairead said...

Sorry, dear, but you get zero marks.

If you think I've said something untrue, why don't you attempt factual refutation instead of empty personal attack. Could it be that you already know that the facts are against you?

Are you upset by my characterising the "God's Chosen People" conceit as psychopathic? That particular bit of egoistic lunacy --whether from the mouth of a Catholic, a Jew, a Mormon, a Muslim, or anyone else-- has caused more misery in the world than perhaps any other in the history of humankind. It serves as a complete justification for any atrocity -- "Kill them all, God will know his own" "Deus vult!" "Gott Mit Uns!" Feh.

September 3, 2009 4:28 PM  
Anonymous Anonymous said...

Ilsa..er, Mairead...with all due respect--get stuffed. I don't attempt conversations with drooling, psychotic bigots, no matter how cleverly they try to spin their hateful spew.

September 3, 2009 5:14 PM  
Anonymous Anonymous said...

"The European ghettos were self-governing enclaves. Goyish law didn't apply there."

That's such a blindingly stupid comment I'm surprised it didn't self-destruct from this site out of sheer loopy lack of grasp of reality.

Yeah..they were 'self-governing enclaves' alright, Mairead. That is, until the larger Christian community would have one of their periodic bouts of forcing their greater external laws onto these 'enclaves'. Once that happened, any 'self-governance' these Jews might have enjoyed went straight out the window. Not to mention their lives. Some privilege.

But I guess it was a small price to pay in order to allow the Christians to maintain their psychopathic fiction of being God's Even More Chosen People.

September 3, 2009 7:13 PM  
Anonymous Anonymous said...

Mairead, *dear*, with your little Latin and less Greek, you're just a Nazi masquerading under the pose of cool intellect. Just as many Nazis did before you.

The German, however, was a nice touch, I'll admit. Deustschland Uber Alles?

September 4, 2009 7:16 AM  
Anonymous Anonymous said...

Sam, aren't you embarrassed to continue printing this woman's anti-Jewish garbage? If someone here were to upload this kind of spew about any other minority group, their posts would probably be removed. But this woman seems to have had carte blanche here for literally years now, disseminating hate speech with regard to the Jews and it doesn't seem to turn a hair. What gives, exactly?

September 4, 2009 11:52 AM  
Anonymous pay justice said...

If Mairead is a Jew-hater, I'll gladly eat dickhead cheney's underwear and kiss obama the trojan horse on the lips - both on national television.

Gawd, Mairead - I hope you're certain that sane people can't be convinced by these peabrains of what isn't true about you.
I think I catch most of your comments, and I have NEVER heard you offer up any racial or religious hatred toward "the other" of any stripe or shade or flavor. If I HAD heard any such thing, you NOSE EYE would remember it forever and you and I would be duking it out for sure. Ignore these idiotic false assertions, Sweets - and hava good weekend.

September 4, 2009 1:44 PM  
Anonymous Anonymous said...

"If Mairead is a Jew-hater, I'll gladly eat dickhead cheney's underwear and kiss obama the trojan horse on the lips - both on national television"


Well then you better break out the ketchup and the rubber lip guard, 1:44, because Sister Swastika is a not-so-closeted Jew-baiter through and through. And she knows it, which is why she hasn't had the balls to post on this thread again since her truly asinine comments at 4:28 were called out.

I'm glad to see that there's starting to be a little bit of a mass uprising against the non-stop torrent of this woman's garbage, and the unquestioned 'little-queen of Prorev' staus she's enjoyed here for way too long. She's a hater and a bigot, and 11:52 is absolutely correct--substitute the word 'Black' or the word 'Hispanic' for the word 'Jew' and her ass would have been booted off the comments page a long time ago.


Good riddance to bad rubbish...let's hope.

September 4, 2009 4:50 PM  
Anonymous Anonymous said...

Anastasia Romanov didn't really die at Ekaterinburg...she lived on for years alive and well under the name of Anna Andrews...

and Unity Mitford never actually died from meningitis following a self-inflicted gunshot wound to the brain...she's been alive and well on the Undernews site for years...going by the nom de guerre of Mairead...

September 4, 2009 5:17 PM  
Anonymous pay justice said...

I think you guys are cracked. Mairead uses the term 'psychopathic' to describe thinking of Jews as lesser creatures - and you guys deduced from that that she's a Jew-hater? Seriously?

September 5, 2009 10:53 AM  

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