Prometheus 6: That why they hate it when Black folks buy cars online

Do not make the mistake of thinking that because my conclusion is the same as another person's that my reasoning is the same

A Good Cause or Two

Click for more info

The Best of P6

The Racism Series The Reparations Series Installing a negro in your head Identity Blogging Where We Stand The LimbaughDiscussion That has Nothing To Do With Limbaugh

Updated when I write something really cool

Local Links

The Attack on Civil Rights Corporate Influence on Government The Development of Race Basic Laws of Human Stupidity Blogger Archives

EMAIL ME AT

Archives

July 25, 2004 - July 31, 2004 July 18, 2004 - July 24, 2004 July 11, 2004 - July 17, 2004 July 04, 2004 - July 10, 2004 June 27, 2004 - July 03, 2004 June 20, 2004 - June 26, 2004 June 13, 2004 - June 19, 2004 June 06, 2004 - June 12, 2004 May 30, 2004 - June 05, 2004 May 23, 2004 - May 29, 2004 May 16, 2004 - May 22, 2004 May 09, 2004 - May 15, 2004 May 02, 2004 - May 08, 2004 April 25, 2004 - May 01, 2004 April 18, 2004 - April 24, 2004 April 11, 2004 - April 17, 2004 April 04, 2004 - April 10, 2004 March 28, 2004 - April 03, 2004 March 21, 2004 - March 27, 2004 March 14, 2004 - March 20, 2004 March 07, 2004 - March 13, 2004 February 29, 2004 - March 06, 2004 February 22, 2004 - February 28, 2004 February 15, 2004 - February 21, 2004 February 08, 2004 - February 14, 2004 February 01, 2004 - February 07, 2004 January 25, 2004 - January 31, 2004 January 18, 2004 - January 24, 2004 January 11, 2004 - January 17, 2004 January 11, 2004 - January 17, 2004 January 04, 2004 - January 10, 2004 December 28, 2003 - January 03, 2004 December 21, 2003 - December 27, 2003 December 14, 2003 - December 20, 2003 December 07, 2003 - December 13, 2003 November 30, 2003 - December 06, 2003 November 23, 2003 - November 29, 2003 November 16, 2003 - November 22, 2003 November 09, 2003 - November 15, 2003 November 02, 2003 - November 08, 2003 October 26, 2003 - November 01, 2003 October 19, 2003 - October 25, 2003 October 12, 2003 - October 18, 2003 October 05, 2003 - October 11, 2003 September 28, 2003 - October 04, 2003 September 21, 2003 - September 27, 2003 September 14, 2003 - September 20, 2003 September 07, 2003 - September 13, 2003 August 31, 2003 - September 06, 2003 August 24, 2003 - August 30, 2003 August 17, 2003 - August 23, 2003 August 10, 2003 - August 16, 2003 August 03, 2003 - August 09, 2003 July 27, 2003 - August 02, 2003 July 20, 2003 - July 26, 2003 July 13, 2003 - July 19, 2003 July 06, 2003 - July 12, 2003 June 29, 2003 - July 05, 2003 June 22, 2003 - June 28, 2003 June 15, 2003 - June 21, 2003 June 08, 2003 - June 14, 2003 June 01, 2003 - June 07, 2003 May 25, 2003 - May 31, 2003 May 18, 2003 - May 24, 2003 May 11, 2003 - May 17, 2003 May 04, 2003 - May 10, 2003 April 27, 2003 - May 03, 2003 April 20, 2003 - April 26, 2003 April 13, 2003 - April 19, 2003 April 06, 2003 - April 12, 2003

« "Healing The Divisions" is a winning theme | Main | Hey, it's only 100 or so dead zones we're talking about, what's the problem? »

July 28, 2004

That why they hate it when Black folks buy cars online

Study Supports Race-Bias Suit Against Honda
By Caroline E. Mayer
Washington Post Staff Writer
Wednesday, July 28, 2004; Page E01

Black customers are much more likely than white buyers to be charged markups on loans financed by American Honda Finance Corp., according to a study done for minority borrowers who have sued the auto lender.

The lawsuit, one of several class actions filed against major auto financiers in recent years, alleges that Honda discriminated against black car buyers by charging them higher interest rates when they financed their cars at dealerships through the lending arm. The study by Vanderbilt University business professor Mark A. Cohen found that 43.3 percent of Honda's African American borrowers were charged a markup, compared with 22.2 percent of white borrowers.

Of those charged a markup, blacks paid an average $557, compared with $227 for whites. The study found that the disparities occurred even when borrowers of different races had the same creditworthiness.

Posted by P6 at July 28, 2004 05:42 AM
Trackback URL: http://www.niggerati.net/mt/mt-tb.cgi/5710
Comments

Forest for the trees p6- Cheney has a former staffer working as the head of Toyata. She's going all over the country trying to "roll back" EPA standards for one magical propsed assembly plant.

She has covered the whole map in efforts to get local Politicos (even at COngressional level) to go with the roll-backs.

We have a new coal facility here (not running) which has case foundry pours not to standard to even run.

Enron bailed on the poject. No problem whatsoever. They don't need to run, they can take the credits they have and sell them other coal facilities so they can pollute more so than ever.

An EPA rollback would only help more. A nice bit of pollution from me to you. And just think how much utility rates can overcharge for "startup" fees here.And power swaps from regions/state on paper only that become rolling blackouts...

SO it is a two edged sword. Take out Toyata's comp, and get your most closely vested ties undertaken.

Is it the business' fault or the banks who underwrite these loans? How many of them are getting called out? They also do home/personal/college loans p6.

Widen the scope of reform there...

Posted by Mr. Murder at July 28, 2004 07:40 AM

Can anyone find details of this report? I think it's another example where the case is singularly made on a racial basis and no other factors are considere. I doubt that the researcher would be so dunderheaded, but clearly the media is not giving us any other dimensions.

Posted by Cobb at July 29, 2004 03:41 PM

Here you go. It's a PDF file.

Posted by P6 at July 29, 2004 04:31 PM