Bloomberg accused of ‘racism’ over redlining comments

Democratic presidential candidate and former New York City Mayor Michael Bloomberg poses for photographs with supporters during his campaign launch of “Mike for Black America,” at the Buffalo Soldiers National Museum, Thursday, Feb. 13, 2020, in Houston. (AP Photo/David J. Phillip)

OAN Newsroom
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.

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.

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