Boots & Sabers

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2138, 20 Jan 20

Bloomberg Proposes Intrusive and Expensive Federal Plan

In Bloomberg world, there’s nothing that a massively expensive and intrusive government program can’t fix.

Bloomberg’s plan, according to details released by his team, focuses on investing in black business and home ownership, which includes “a $70 billion investment in the country’s 100 most disadvantaged neighborhoods.” The money will be controlled by a new White House office, the Neighborhood Equity and Opportunity Office, which will coordinate across federal agencies. The plan provided did not explicitly state the criteria to determine a level of disadvantage beyond being “place-based and evidence-based.”

In his proposal, mortgage and loan guarantors will also be forced to update their credit-scoring requirements, which the plan maintains is rigged against African-Americans. Under the initiative, a new Housing Fairness Commission would be established with a $10 billion fund to work with localities and municipalities to test and potentially reserve housing laws that might discriminate against buyers or renters of color.


2138, 20 January 2020


  1. Merlin

    If this is such a great investment of the tax dollar why hasn’t Bloomie offered to invest $10 billion of his $55 billion into it? Poor ROI is why.

  2. Kevin Scheunemann

    Bloomberg is a liberal crazy.

  3. dad29

    a $70 billion investment in the country’s 100 most disadvantaged neighborhoods.

    So he’s going to keep the red-lines intact.

    Smooth move, Mikie!!

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