Sanders thinks the government should equalize outcomes by race. The Racial Justice section of his campaign site says this:
Black Americans currently have ten cents for every dollar white Americans have. Latinx Americans currently have thirteen cents for every dollar white Americans have. This is unacceptable: It’s time for America to treat the lives of people of color like they’re worth more than change on the dollar.
More than 22% of black Americans and more than 21% of Hispanic Americans are living in poverty compared to 12% of white Americans.
Today redlining prevents businesses owned by people of color from getting loans, and predatory lending results in higher interest rates in low-income communities of color. More than 47% of African Americans are unbanked or underbanked and some 43% of Hispanic families are unbanked or underbanked, whereas 18% of whites are unbanked or underbanked. The massive disparities and discrimination in the availability of financial services must end.
Our campaign is fundamentally dedicated to ending the disparity of wealth, income and power in this country. It’s time to bring a systemic approach to systemic racism. Structural problems require structural solutions, and together we can meet that challenge.
Red lining went out with the Clinton Administration.
Now loans are determined by credit scores and the ability and likelihood that they will get paid back. Which, once banks understood the process, was better at keeping crap loans off the books.