Crooks Then and Now

[When we were living in Harlem as grad students in the late 1950s
we discovered that our area was "red Lined" i.e. credit was denied to any who lived there. This was a wide spread practice directed mainly against minorities. The upshot was that we were prey to local crooks who would offer to sell a TV at $10.00 per month with no end period, i.e. really a rip off lease. The wealthy father-in-law of a sister-in-law also living there was outraged! I assume that over the years reforms have been attempted which sadly have unleashed yet another set of rip off artists.

And so it goes. Ed Kwnt]

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THE RECKONING
Building Flawed American Dreams
By DAVID STREITFELD and GRETCHEN MORGENSON
Henry G. Cisneros spent years helping low-income families
buy homes, part of a broad national trend with dire
consequences.

http://www.nytimes.com/2008/10/19/business/19cisneros.html?th&emc=thba ckground
--
"A war is just if there is no alternative, and the resort to arms is legitimate if they represent your last hope." (Livy cited by Machiavelli)
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Ed Kent 212-665-8535 (voice mail only) [blind copies]
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