this post was submitted on 27 Oct 2025
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Foundation says it won't compromise policy of inclusivity even if that cash would've really helped

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[–] Bennyboybumberchums@lemmy.world -3 points 1 week ago (1 children)

Sure it does.

Wells Fargo, Bank of America (then Bank of Italy and later Bank of America National Trust & Savings), J.P. Morgan / Chase Manhattan Bank, Prudential Insurance Company, FHA (Federal Housing Administration), all have details records showing their part in systemic racism that made sure the black families couldnt get a mortgage, even when they were on the same financial footing as white families.

National Association of Real Estate Boards (NAREB), Levitt & Sons (builder of Levittown, NY & PA), Chicago Real Estate Board, St. Louis Real Estate Exchange, Los Angeles Realty Board, enforced segregation through racial covenants, steering, and blockbusting.

It wouldnt be until the Fair Housing Act(1968) that this practice was made illegal.

Will be easy? No. Can it be done? Most likely, as long as you are OK with banks and real estate agencies and uber rich who profited getting fucked so hard they bounce. Should it be done? In my opinion, yes. America is race. And black families were held back on the starting line on purpose.

[–] Duamerthrax@lemmy.world 5 points 1 week ago (1 children)

It wasn't just banks.

And black families were held back on the starting line on purpose.

It wasn't just Black families either.

You also didn't answer my question about how you handle families who came to America after slavery. You've made your answer simple by ignoring a lot of the issues I brought up. From a practical angle, it's far easier to implement DEI. It also wouldn't have to be implemented long term. It would only really be necessary for those with an unfair education. If you fix the public school system, you could retire DEI once those school kids enter the workforce.