Cory Doctorow on Nostr: Back when banks and the US government colluded to deny mortgages to Black households, ...

Back when banks and the US government colluded to deny mortgages to Black households, sleazy lenders created the "contract loan," which worked like a mortgage, but if you were late on a single payment, the lender could seize and sell your home and not pay you a dime - even if the house was 99% paid for:

https://socialequity.duke.edu/wp-content/uploads/2019/10/Plunder-of-Black-Wealth-in-Chicago.pdf

#Usurers and con-artists love to style themselves as anti-racists, seeking to "close the racial wealth gap."

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