You assume that banks are using racism to keep blacks and other minorities from getting homes. If that was the case you would be correct.
However, the problem with your logic is that most banks comply with the CRA, where the Justice Department brings down their hammer as in the recent case with Wells Fargo was that blacks and other minorities were being charged higher fees and interest rates, even if their credit and income was close to the same.
Therefore is lending is flowing to minorities but banks are charging them more. While some racism does exist in the system, I think a majoritity of these charges show up because of a lack of knowledge by the borrowers not because of some overt racism.
No, I'm not.
I said that if banks were wrongly denying loans to blacks, blacks would have a lower default rate than everybody else, meaning they were being held to a higher standard.
Blacks have historically had higher default rates than everybody else, meaning they were held to lower standards.
It's not racism to hold blacks to lower standards. That's what affirmative action does.
But just because you are holding them to lower standards than everyone else, don't you dare say they are inferior.
THAT would be racist.