Morgan Stanley facing discrimination lawsuit out of Detroit

Oct 15, 2012 Full story: ClickOnDetroit

Morgan Stanley is being accused of discriminating against black homeowners and violating federal civil rights laws by providing strong incentives to a subprime lender to originate mortgages that were likely to go unrepaid.

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Lonewolf

Batesburg, SC

#1 Oct 15, 2012
They knew loaning money to blacks was a bad investment. That's not racist,they knew what they were doing,based on typical black social behaviors.How can something be racist if it's a proven fact?
Tie Rone

Detroit, MI

#2 Oct 15, 2012
Lonewolf wrote:
They knew loaning money to blacks was a bad investment. That's not racist,they knew what they were doing,based on typical black social behaviors.How can something be racist if it's a proven fact?
Admit it. You just don't want 15 blacks living next to you paying $150/mo. on a subsidized mortgage.
bite me

Dallas, TX

#3 Oct 16, 2012
Tie Rone wrote:
<quoted text>
Admit it. You just don't want 15 blacks living next to you paying $150/mo. on a subsidized mortgage.
yea, well who does?
Sheik Yerbouti

Pennington, NJ

#4 Oct 16, 2012
Evidently making payments on a loan is a foreign concept for some people!

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