Andrew Schultz and Charlamagne goin at it over Dr. Umar

eastside313

eastside313

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Harry B said:
Not even the same thing he's talking about, most of those cases were saying that black, hispanics (and also Asians) on average got dirtier mortgages than white people. People entering those contracts are also real targets, I doubt that people even know how to use the internet if you entered those subprime deals. Here's the thing if 1000 black people, and 1000 white people apply for loans, all with the same credit profile. If 930 black people and 1000 white people get the same loan, but 70 black people get a weaker loan that could be a case of discrimination and a lawsuit. These are the type of basic hypothesis tests they do to reach their headlines.

I.e. 930 black people still got the good loan, the 70 unlucky ones got a racist loan officer, if it was 5 different mutually exclusive loan officers that handled those 70, it's systematic.That doesn't mean that it's over for black people, it means that there's an (unacceptable) chance that you might be a victim of racism. Which is fukked up, but in this example there's still a 93 % chance that you will get the same loan as a white person.
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That's nice except in that article banks were caught giving 200k black people bad loans and other banks paying hundreds of million dollars in fines.
 
bordeaux

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schultz was pretty disrespectful w/ it on this episode. i listen almost every week and they disagree often but at least keep it humorous. gotta say i looked at schultz differently after this one. i do love the point charlamage made about the fact that supporting someone's argument on one thing or issue doesnt mean u agree w/ them on 100 percent of things. i encounter so many people who cant seem to grasp this concept.
 
H

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eastside313 said:
That's nice except in that article banks were caught giving 200k black people bad loans and other banks paying hundreds of million dollars in fines.
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I don't know if you missed the news for the passer 8 years but millions of people got bad loan contracts, a lot more white people than black. But per capita black people got them a lot more. When they say 200k black people got worse than white people, try understanding what that means. Try to make sense of it. the article was very poorly written, I knew about most cases and I nearly couldn't recognize them if it wasn't for them numbers. Just an example, Bank of America didn't make those 200k loans, it was that disgusting company Countrywide that BofA bailed out with help from the usgov.

And hundred million dollar fine? That's nothing. JPM paid 2 billion in fine for not reporting Madoff and 13 billion for their ABS practices, Goldman paid half a billion for lying to a local German bank, Deutche paid 2.5B for rigging an interbank index and I can go on. Please believe me, this is my field if anything. They pay fines, don't have to go to court and don't have to admit that they did anything wrong. That's how shyt works, basically they are just splitting the profits of their dirty business with the government (and sometimes the victims). It's like if I hit a transport or move crack, make a million bucks in profit and get fined for 250k and don't have to admit that I did anything.

Anyways, that still has nothing to do with what he said. Often subprime was less than 5 % of their total loan portfolio, discrimination cases of those 5 % significantly less. So yes a vast majority of us with sufficient profiles receive normal loans.


These are banks we are talking about here, they only see green. As we have seen no matter if it's drug money, dictator money, uranium, shyt even terrorism. Their bonus, them not getting dropped etc is linked to the amount of money the bank makes.
Of course you might meet racist loan officers just like there's racists everywhere even in congress, but that's not something they fukk with. Some of these companies have 250k employees and shyt. They tried to fool people, the "less knowledgeable" you were the higher the probability, which is why Hispanics had the highest probability of getting bad loans in comparison to white people. They pressed them the hardest then blacks, and then white people, on average.
 
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eastside313

eastside313

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Harry B said:
I don't know if you missed the news for the passer 8 years but millions of people got bad loan contracts, a lot more white people than black. But per capita black people got them a lot more. When they say 200k black people got worse than white people, try understanding what that means. Try to make sense of it. the article was very poorly written, I knew about most cases and I nearly couldn't recognize them if it wasn't for them numbers. Just an example, Bank of America didn't make those 200k loans, it was that disgusting company Countrywide that BofA bailed out with help from the usgov.

And hundred million dollar fine? That's nothing. JPM paid 2 billion in fine for not reporting Madoff and 13 billion for their ABS practices, Goldman paid half a billion for lying to a local German bank, Deutche paid 2.5B for rigging an interbank index and I can go on. Please believe me, this is my field if anything. They pay fines, don't have to go to court and don't have to admit that they did anything wrong. That's how shyt works, basically they are just splitting the profits of their dirty business with the government (and sometimes the victims). It's like if I hit a transport or move crack, make a million bucks in profit and get fined for 250k and don't have to admit that I did anything.

Anyways, that still has nothing to do with what he said. Often subprime was less than 5 % of their total loan portfolio, discrimination cases of those 5 % significantly less. So yes a vast majority of us with sufficient profiles receive normal loans.


These are banks we are talking about here, they only see green. As we have seen no matter if it's drug money, dictator money, uranium, shyt even terrorism. Their bonus, them not getting dropped etc is linked to the amount of money the bank makes.
Of course you might meet racist loan officers just like there's racists everywhere even in congress, but that's not something they fukk with. Some of these companies have 250k employees and shyt. They tried to fool people, the "less knowledgeable" you were the higher the probability, which is why Hispanics had the highest probability of getting bad loans in comparison to white people. They pressed them the hardest then blacks, and then white people, on average.
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That's because they create other smaller companies to do the dirty work. Like what you said about Countrywide, they were one of the main banks that sunk Detroits real estate market and forced the city into bankruptcy. They had smaller companies here that was giving out any and everybody terrible loans. It wasn't the past 8 years here, they started back in the last 90's in Detroit.
 
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Sithlord Piff said:


Umar's Black empowerment talk scares these Cacs..the way Andrew is showing aggression towards Charlamagne for supporting Umar shows the narrow parameters Whites expect their "Black friends" to live under.
"Be Black...but not too Black".:ufdup:
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i used to fully support Umar johnson, however he does at times say some outlandish shyt that just...kinda "sounds good". The clip played in the video about being able to "...send other races back etc." was rightfully criticized and shut down by Schultz.

I used to not like Charlamagne, however due to him / the breakfast club giving Umar johnson (even though he be a non-humble Egotistical rambler at times) a platform, as well as Brother Polight, he has earned my respect insofar. I also respect him for this interview. Charlamagne held his own in this one and made OBVIOUS SENSE. For some reason the white boy wasnt getting it.

I could barely finish it. The white boy was some how super offended at... technically nothing. But vaguely the fact that his black friend seems to be "toooo black"

:pacspit: @ Schultz he aught to be ashamed and embarrassed for his behavior during this interview with his... with his "FREIND"
 
ridedolo

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Harry B said:
Not even the same thing he's talking about, most of those cases were saying that black, hispanics (and also Asians) on average got dirtier mortgages than white people. People entering those contracts are also real targets, I doubt that people even know how to use the internet if you entered those subprime deals. Here's the thing if 1000 black people, and 1000 white people apply for loans, all with the same credit profile. If 930 black people and 1000 white people get the same loan, but 70 black people get a weaker loan that could be a case of discrimination and a lawsuit. These are the type of basic hypothesis tests they do to reach their headlines.

I.e. 930 black people still got the good loan, the 70 unlucky ones got a racist loan officer, if it was 5 different mutually exclusive loan officers that handled those 70, it's systematic.That doesn't mean that it's over for black people, it means that there's an (unacceptable) chance that you might be a victim of racism. Which is fukked up, but in this example there's still a 93 % chance that you will get the same loan as a white person.
Click to expand...

are you stupid? do you think discrimination was only relegated to home loans?

you're literally pulling numbers out of your ass. facts or foh :camby:
 
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