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Re: Redlining
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>Nor is it to me. So neither of us will likely object to the neural
>net-based lending programs which feed in a bunch of applicant data points,
You will not get objections from me either. I would advise the banks to
make sure they accept all applicants and widely distribute the
announcement. I would like them to make extra efforts to examine the
potential market in historically redlined areas. I am not suggesting
forcing them to do so legislatively. I never suggested a quota system.
My point is not that inputing all data you will get equivalence between
creditworthiness and racial makeup. My point is that redlining exists and
I would favor the elimination of the practice. Given a good program that
somehow magically gets to all potential debtors would have the result I
intend. Not a quota system. Equal access to capital.
Matt
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