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Racist Suspect Watch


free your mind!

Cress Welsing: The Definition of Racism White Supremacy

Dr. Blynd: The Definition of Racism

Anon: What is Racism/White Supremacy?

Dr. Bobby Wright: The Psychopathic Racial Personality

The Cress Theory of Color-Confrontation and Racism (White Supremacy)

What is the First Step in Counter Racism?

Genocide: a system of white survival

The Creation of the Negro

The Mysteries of Melanin

'Racism is a behavioral system for survival'

Fear of annihilation drives white racism

Dr. Blynd: The Definition of Caucasian

Where are all the Black Jurors? 

The War Against Black Males: Black on Black Violence Caused by White Supremacy/Racism

Brazen Police Officers and the Forfeiture of Freedom

White Domination, Black Criminality

Fear of a Colored Planet Fuels Racism: Global White Population Shrinking, Less than 10%

Race is Not Real but Racism is

The True Size of Africa

What is a Nigger? 

MLK and Imaginary Freedom: Chains, Plantations, Segregation, No Longer Necessary ['Our Condition is Getting Worse']

Chomsky on "Reserving the Right to Bomb Niggers." 

A Goal of the Media is to Make White Dominance and Control Over Everything Seem Natural

"TV is reversing the evolution of the human brain." Propaganda: How You Are Being Mind Controlled And Don't Know It.

Spike Lee's Mike Tyson and Don King

"Zapsters" - Keeping what real? "Non-white People are Actors. The Most Unrealistic People on the Planet"

Black Power in a White Supremacy System

Neely Fuller Jr.: "If you don't understand racism/white supremacy, everything else that you think you understand will only confuse you"

The Image and the Christian Concept of God as a White Man

'In order for this system to work, We have to feel most free and independent when we are most enslaved, in fact we have to take our enslavement as the ultimate sign of freedom'

Why do White Americans need to criminalize significant segments of the African American population?

Who Told You that you were Black or Latino or Hispanic or Asian? White People Did

Malcolm X: "We Have a Common Enemy"

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Monday
Oct152012

ACLU Sues Morgan Stanley for Racial Discriminatory lending practices: Lender Targeted Blacks

In photo, Rubbie McCoy, Detroit homeowner and plaintiff. From [HERE] The American Civil Liberties Union on Monday filed a lawsuit [complaint, PDF; press release] against Morgan Stanley over allegedly discriminatory practices leading up to the housing crisis of 2008. According to the ACLU, between 2004 and 2007 Morgan Stanley and its affiliates, including New Century Mortgage Company, violated the Fair Housing Act , Equal Credit Opportunity Act and Michigan Elliot-Larsen Civil Rights Act [text, PDF] by targeting communities of color for predatory loans. The lawsuit, which the ACLU claims is the first of its kind, was filed in conjunction with the law firm Lieff Cabraser Heimann & Bernstein [firm website] and the National Consumer Law Center [advocacy website; press release, PDF] on behalf of five African-American Detroit-area residents. The complaint states:

Morgan Stanley's policies and practices have resulted in considerable racial disparities. They caused New Century borrowers in the metropolitan Detroit region to be significantly more likely to receive Combined-Risk Loans, and thus suffer the harms associated with such loans, if they were African American.

The ACLU requested that the US District Court for the Southern District of New York treat the claim as a class action lawsuit because "as many as 6,000 black homeowners in the Detroit area may have suffered similar discrimination."

It is the first case where a prospective class of affected homeowners victimized by subprime lending abuses has directly sued an investment bank by linking civil rights and consumer laws. It is also the first lawsuit to connect racial discrimination to the securitization of mortgage-backed securities. [MORE

Several other large financial entities have dealt with accusations of discriminatory mortgage lending practices. In May SunTrust Mortgage [corporate website] agreed to a $21 million settlement [JURIST report] for discriminating based on race and national origin. In December Bank of America [corporate website] agreed to a $335 million settlement [JURIST report] for discrimination by its subsidiary, Countrywide Financial, against Hispanic and African-American home buyers.

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