UPDATED 7:56 AM PT — Friday, February 14, 2020
Mike Bloomberg is facing new accusations of racism due to his remarks in defense of so-called ‘redlining.’ A resurfaced video from 2008 shows Bloomberg stating that the decision to prohibit ‘redlining’ caused the mortgage meltdown and global financial crisis at the time.
‘Redlining’ was a banking practice of denying loans to residents of impoverished neighborhoods. Bloomberg argued banks could not return their loans as a result of the push for social justice.
This is appalling and disqualifying.
In resurfaced footage being reported tonight by the @AP, @MikeBloomberg describes redlining as a rational and prudent tactic — and blames the end of that discriminatory practice against African-Americans for the 2008 crisis. pic.twitter.com/dWCGOKdtpP
— Anand Giridharadas (@AnandWrites) February 13, 2020
Some critics have said this latest controversy, along with Bloomberg’s recent apologies for stop-and-frisk policies, could derail his campaign’s outreach to left-leaning, non-white voters.
Mini Mike Bloomberg is a LOSER who has money but can’t debate and has zero presence, you will see. He reminds me of a tiny version of Jeb “Low Energy” Bush, but Jeb has more political skill and has treated the Black community much better than Mini! https://t.co/qIef5VhjDr
— Donald J. Trump (@realDonaldTrump) February 13, 2020