Profiling much?

So I just wanted to get this rant off my chest.

Clearly by now, we all know about the stock market drama. How everything started with the housing industry and mortgage brokering. Essentially, lending people more than they could afford to pay back for houses that were just out of their range is what started us on this path. And then, several banks went under/got bought over. Stock markets around the world started dipping.

Whose fault is it? Well yes, the home buyers had inflated ideas of their assets. The brokers allowed them to start on a path that wasn't right for them. There're a lot of people to blame in this situation.

How convenient then for various politicos to blame it all on the low-to-middle-income minorities. Ya know, those people who through various forms of racial profiling are generally denied loans? Well, according to several infuriating newscasts, it's all their faults. Bankers should have kept up their profiling policies and not allowed these people to take out mortgages that they would never make good on. Because apparently people of color are the only ones who won't be able to follow-through on the sometimes next to impossible. Because why should they be allowed the dream to better themselves.

WHAT?????

The way I see it, low-income people defaulting on their payments isn't going to change the economy. It's the yuppie-types who can only afford half-million dollar houses but decide to go for the million-dollar homes but run into financial troubles and just can't afford that house anymore that make a bigger impact. Really, do we have to blame minorities for everything? I know it's easy and convenient but it's just so demoralizing.

Also, what about low-income white people? How come they aren't getting the blame. Because, historically they aren't profiled as much?

The other day at work, while discussing lending products, my manager used the word profiling in regards to sales strategies. I think he heard himself and tried to take it back, but it was too late. He put it out there and decided to roll with it. That's just something I hate. This whole judging a book by its cover thing, which I'm trying hard to better myself on. That's what the sales world is all about. It was like that at Best Buy and it's like that now. If you're of color or lacking in some other category, apparently, you're just not worth my time.