Morgan Stanley facing discrimination lawsuit out of Detroit

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 Leesville, SC	Reply » \| Report Abuse \| Judge it! \| #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 Redford, MI	Reply » \| Report Abuse \| Judge it! \| #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	Reply » \| Report Abuse \| Judge it! \| #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	Reply » \| Report Abuse \| Judge it! \| #4 Oct 16, 2012 Evidently making payments on a loan is a foreign concept for some people!
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