Topic: Financial Risk

1 chapters across the catalog

27: Lift-Gate
• 1:41:05 - 1:44:00

27: Lift-Gate

Michael Bloomberg as the Architect of Institutional Racism

Michael Bloomberg is characterized as the "OG" of institutional racism due to his deep ties to Wall Street and his defense of redlining. The hosts argue that while Trump's rhetoric is often criticized, Bloomberg's policies were sanctioned by the government and financial institutions to manage "risk" at the expense of minority communities. They conclude that the combination of redlining and stop and frisk created a comprehensive system of containment and control.