Maybe, but Mad Albright and Richard Holbrooke have made it an official State Department Policy, to wit Mad Albright saying she is awful to the Serbs "because they are awful people," and Holbrooke on Larry King Live calling Serbs "murderous a$$holes." If it is coming from the highest echalons of our State Department - I would say it's official policy, and is therefore institutionalized. Any such sweeping generalizations about any national or ethnic group constitutes racism. So, institutionalized racism indeed.
VRN