Thursday, October 18, 2012
The United States
Recently released in the summer of 2012, Wells Fargo seems to be having many issues with their banking benefits. From 2004 to 2009 the bank was alleged to have charged African Americans and Hispanic borrowers with much higher rates for loans than others; an act of racial discrimination. By doing so, Wells Fargo violated the fair-lending laws and are now attempting to pay off the bigotry with a whopping $175 million. This is absolutely disappointing, extremely uncivil and should have never occurred. For discrimination to reach the extent it has where it is a constant conflict to do practical things such as lend money from the bank is quite astonishing. Here in the United States where people believe that they have freedom in actuality do not. Do you have "freedom" when you are not being valued and respected due to your skin color and your background? Ponder this.
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At first when I read this my initial thought was, "So what? People are discriminated against everyday for their race and most of those situations go unnoticed". However, after pondering this story for quite an amount of time I have come to realize that by bringing awareness to such heartless racism in something as common as a banking system, change can be found. Awareness leads to motivation which leads to actions. In this particular occurrence there is not much that the public can do themselves but the judge of the court case can. The judge needs to think about the possible dire consequences if he allows Wells Fargo to escape the ramifications of participating in such racial discrimination by simply paying off their bigotry. As you mentioned, we live in the United States and one of the expectations although it is seen as a privilege of living in this country by many others is the concept of freedom. To be neglected equal opportunities in general and especially in something so basic as bank loans is a disgrace to everything that this country supposedly stands for. This is definitely a matter that deserves more publicity and awareness so that others can be educated and thoroughly understand what issues of discrimination are still going on in our country until this day.
ReplyDeletehttp://cityroom.blogs.nytimes.com/2012/09/11/a-hooters-in-queens-is-sued-for-racial-discrimination/
ReplyDeleteBy the way I think it would be to your benefit to check out this article dealing with a case of racial discrimination in a Hooters located in New York. It brings to concern many of the effects of such discrimination on those inflicted on by the act and ties in quite well with the rest of your blog. :)