Racialicious

Racialicious is a blog about the intersection of race and pop culture. Check out our updates on the latest celebrity gaffes, our no-holds-barred critique of questionable media representations. If you've been on the blog, you know how this Tumblr works, too. Including the moderation policy.
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thesmithian:


The cover stands out for its cast of black and Hispanic caricatures with exaggerated features reminiscent of early 20th century race cartoons. Also, because there are only people of color in it, grabbing greedily for cash. It’s hard to imagine how this one made it through the editorial process. Compounding the…problem with the image is the fact that race has been a key backdrop to the subprime crisis. The narrative of the crash on the right has been the blame-minority-borrowers line, sometimes via dog whistle, often via bullhorn…the record is clear: minorities were disproportionately targeted by predatory lending, which has always gone hand in hand with subprime. Even when they qualified for prime loans that similar-circumstance whites got, they were pushed into higher-interest subprimes…minority borrowers were disproportionately victimized in the bubble. But BusinessWeek here has them on the cover bathing in housing-ATM cash, implying that they’re going to create another bubble.

more, at the Columbia Journalism Review.

thesmithian:

The cover stands out for its cast of black and Hispanic caricatures with exaggerated features reminiscent of early 20th century race cartoons. Also, because there are only people of color in it, grabbing greedily for cash. It’s hard to imagine how this one made it through the editorial process. Compounding the…problem with the image is the fact that race has been a key backdrop to the subprime crisis. The narrative of the crash on the right has been the blame-minority-borrowers line, sometimes via dog whistle, often via bullhorn…the record is clear: minorities were disproportionately targeted by predatory lending, which has always gone hand in hand with subprime. Even when they qualified for prime loans that similar-circumstance whites got, they were pushed into higher-interest subprimes…minority borrowers were disproportionately victimized in the bubble. But BusinessWeek here has them on the cover bathing in housing-ATM cash, implying that they’re going to create another bubble.

more, at the Columbia Journalism Review.

(via mylovelylifelongings-deactivate)

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  4. -jo- reblogged this from racialicious and added:
    of course, blame POC for your greed.
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    uhhhhhhhhh
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    Can’t believe this cover is real…
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