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Author Message
25 new of 217 responses total.
klg
response 164 of 217: Mark Unseen   Feb 20 17:34 UTC 2003

Too bad they missed the Martin Luther King day sale.  The same price 
for everybody.
scott
response 165 of 217: Mark Unseen   Feb 20 18:04 UTC 2003

A nice counterprogramming idea would be to set up a "bagel loans" table right
next to the bake sale table.  Whites are cheerfully loaned a dollar for bagel
purchases, while minorities are brushed off with a bogus reason.
klg
response 166 of 217: Mark Unseen   Feb 20 18:07 UTC 2003

(Because they knead the dough?)
gull
response 167 of 217: Mark Unseen   Feb 22 20:42 UTC 2003

Did they remember to offer lower prices for U.P. residents and legacies,
too, or did they gloss over that in favor of pretending only race matters in
the admissions process?
jmsaul
response 168 of 217: Mark Unseen   Feb 22 23:56 UTC 2003

Don't forget that the Provost can give people twice the racial minority
discount at will.  "Hey, dude, the Provost said I can have these for 50
cents!"
tsty
response 169 of 217: Mark Unseen   Feb 24 08:10 UTC 2003

having the provost (or college presidents - aside from university
president) issue points for preferential admission treatment is THE
method that permits *individualised* bias based on *individual*
inspection of the *person*. 
  
blanket dna preference is racism, pure and simple.
jmsaul
response 170 of 217: Mark Unseen   Feb 24 13:05 UTC 2003

(Actually, the Provost can give the same amount.  My bad.)
tsty
response 171 of 217: Mark Unseen   Feb 24 18:10 UTC 2003

does anyone know how many ppl receive provost-points in any given
entry class of ~5000 / ~350 ?
  
does provost issue fewer than 20 or only the whole thing?
jmsaul
response 172 of 217: Mark Unseen   Feb 24 20:42 UTC 2003

Who cares?
tsty
response 173 of 217: Mark Unseen   Feb 28 07:44 UTC 2003

well, me , for one.
jmsaul
response 174 of 217: Mark Unseen   Feb 28 20:32 UTC 2003

Why?
tsty
response 175 of 217: Mark Unseen   Mar 4 09:35 UTC 2003

well, first of all, to see how much individual attentin is being 
paid to individual appllicants by a powerful individual. 
  
also to compare the numbers versus the total applicant base.
  
not who, not you, just general numbers.
klg
response 176 of 217: Mark Unseen   Mar 4 17:14 UTC 2003

Affirmative Action Car Financing

Does anybody know the details on a lawsuit that is supposedly resulting 
in reduced-rate loans on car purchases financed through Nissan, as long 
as you happen to be correctly pigmented?
scott
response 177 of 217: Mark Unseen   Mar 4 17:18 UTC 2003

No, but there was a recent lawsuit against (I think) GM dealers for refusing
to finance people who didn't happen to be light-skinned.
johnnie
response 178 of 217: Mark Unseen   Mar 5 02:39 UTC 2003

NASHVILLE, Tenn. -- Nissan's financing arm has agreed to stop marking up 
loan rates offered to qualified minority buyers under a proposed 
settlement of a class-action federal discrimination lawsuit. 

The agreement, filed this week, seeks to settle a 1998 lawsuit by black 
and Hispanic car buyers from Tennessee and Florida who said Nissan Motor 
Acceptance Corp. charged them higher interest rates on car loans than 
whites with similar credit ratings. 

Under the settlement, NMAC agreed to institute a credit pre-approval 
program offering "no markup" rates to black and Hispanic buyers who have 
never declared bankruptcy or had cars repossessed. The company said it 
will make 675,000 such offers over five years. 

The "markup" is a percentage in addition to the minimum percentage rate 
at which NMAC approves credit. It usually is split between the dealer 
and NMAC. 

Studies prepared for the plaintiffs by researchers from Yale and 
Vanderbilt showed that rates for minorities could be 30 percent to
50 percent higher than what whites paid. 
mcnally
response 179 of 217: Mark Unseen   Mar 5 03:27 UTC 2003

  Boy, it sounds like those "correctly pigmented" minorities get *all*
  the breaks.  Chalk up another astute call for vigilant egalitarian klg.
jmsaul
response 180 of 217: Mark Unseen   Mar 5 14:48 UTC 2003

The usual standard of accuracy we expect from klg.
klg
response 181 of 217: Mark Unseen   Mar 5 17:07 UTC 2003

Au contraire, mon ami.  It looks like I was entirely correctomundo.  An 
affirmative action program - benefiting not those who were 
discriminated against, but those who happen to fit the racial profile.  
It's a private company, though, so if it WANTS to do it, who am I to 
say it's wrong?  Unless, there was an "element" of coercion involved.  
Ya think there was??  Nah!!

By the way, is there any information as to how "black and Hispanic" 
buyers are defined?  What's the threshhold of being "black?"  Is there 
a "blood test" or something?
gull
response 182 of 217: Mark Unseen   Mar 5 19:58 UTC 2003

Did I read the article wrong?  I read it that they'd been adding a
markup to minority loans, and that they were going to stop adding that
markup.
klg
response 183 of 217: Mark Unseen   Mar 6 01:29 UTC 2003

Yes.  They have been adding a markup, and they will continue to add a 
markup - only to whites.
russ
response 184 of 217: Mark Unseen   Mar 6 02:40 UTC 2003

jmsaul 2, klg 0.
gull
response 185 of 217: Mark Unseen   Mar 6 15:32 UTC 2003

Re #183: I don't see that in the article.  Maybe you could provide
another report that supports your interpretation?
klg
response 186 of 217: Mark Unseen   Mar 6 17:22 UTC 2003

With pleasure:

http://www.oakridger.com/stories/102400/stt_1024000011.html

"Nissan, GM Deny Discrimination in Loan Financing

"NASHVILLE (AP) -- Companies that administer auto loans for Nissan and 
General Motors on Monday denied allegations in two class-action 
lawsuits that black car shoppers are charged higher rates than white 
shoppers. 

"Officials with Nissan Motors Acceptance Corp. and General Motors 
Acceptance Corp. said both companies have zero-tolerance policies 
against discrimination. They said the lenders are never informed of the 
customer's race when a loan application is submitted through a car 
dealer. And they argued that studies cited in the lawsuits to support 
the accusations are flawed.

". . . 

"An analyst for Nissan said the plaintiffs' study . . . didn't control 
for any other factor other than race," said Janet Thornton, who 
conducted NMAC's own statistical analysis.  Thornton said that, when 
the data are analyzed based on credit characteristics, "we find no 
differences by race in the markup charge." . . . ."


(Say, Russ - Have you ever served as a vote counter in Florida?)
scott
response 187 of 217: Mark Unseen   Mar 6 18:03 UTC 2003

Well, that settles it.  We be can confident that corporate officials would 
never lie about such things, after all.
johnnie
response 188 of 217: Mark Unseen   Mar 6 19:02 UTC 2003

Also from klg's link (left out purely by accident, I'm sure):

-----
The suits...describe an agreement where lenders encourage car dealers to 
inflate the interest rate beyond the risk-related rate when they think a 
customer will pay it.

The lenders acknowledge they share commissions with car dealers, but 
deny inflating the rates based on race.

As for the markup policy, officials with both companies say it is a 
standard way to compensate the dealer for arranging the loan.

"The plaintiffs call it a markup. ... We call it a commission," said 
Anne Fortney, an NMAC attorney. "The dealer is performing a
service for the creditor and the consumer. ... If it weren't for this 
arrangement, we would have to have a loan officer at every
single dealership."
----

So, while "both companies have zero-tolerance policies against 
discrimination", and "the lenders are never informed of the 
customer's race when a loan application is submitted through a car 
dealer", the dealer (who quite obviously is aware of the race of the 
buyer) seems to be the one setting the markup/commission.  

Hard to believe such a foolproof system could ever break down.  

Here's my favorite part:  "GMAC's Farmer said it is 'an industry 
practice, and it's not illegal. We assume when we go to a store and buy 
something that it's marked up.'

"Not illegal"--I like that; it's a wonderful rationale for all sorts of 
moral transgressions.  And somebody should inform Mr Farmer that when we 
go to a store we do indeed assume items are marked up, but we assume 
they are *not* marked up based on the buyer's race.
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