Last week, Bloomberg Businessweek magazine ran a disturbing, misleading, and vile cover, complete with racially offensive images of African Americans and Latinos in Jim Crow-like caricatures.
The insulting part of this cover isn’t just the derogatory and cartoonish depiction of racial and ethnic minorities, but rather the insinuation that homeowners — coincidently all people of color — are somehow greatly profiting today as the housing sector slowly recovers. The truth is that homeowners, particularly Black and Latino homeowners, still haven’t recovered from the great loss of wealth that occurred during the financial crisis.
We know where the fault really lies: unscrupulous banks and predatory lenders who exploited our most vulnerable citizens with reckless abandon. It is these institutions who have had a “Great American Rebound” as the article itself notes.
Faced with a vocal response from the NAACP and other civil rights organizations, Bloomberg Businessweek’s editors issued a classic non-apology, expressing “regret” for the “strong reactions” the images sparked. Of course, they took zero responsibility for the offensive image and accompanying story.
It’s not good enough, Delores. Join the NAACP, the National Council of La Raza, National Fair Housing Alliance and the Center for Responsible Lending in demanding a full apology from Bloomberg Businessweek:
As we have for more than 104 years, the NAACP will always stand up to ugly, racially-charged images and attempts to scapegoat our community. Thank you for your help bringing this important issue to light.