Limbaugh Redefines Redlining To Perpetuate Financial Crisis Myth
Blog ››› ››› TERRY KREPEL  Rush Limbaugh falsely redefined
redlining, claiming that it involves forcing banks to loan money
to people who can't afford to pay it back in order to blame
liberals for the financial crisis. In fact, the prohibited
practice involves a lending institution's refusal to lend money
based on location.  After noting a news article stating that new
regulations will require mortgage lenders to verify and inspect
borrowers' financial records, Limbaugh said on the January 10
edition of his radio show:  LIMBAUGH: You know what Obama and
the Rev. Jackson and the Democrats used to call that? Redlining.
When the banks would look at people's financial records and
determine whether or not they could pay them back, if they
couldn't, they'd line them out in red and they wouldn't get the
loan. And of course, the civil rights crowd said "racist,
racist, racist" because the minorities were among the largest
group not being given loans, a