From: "Matthew J. Miszewski" <mjmiski@execpc.com>
Date: Wed, 11 Dec 1996 12:09:34 -0800 (PST)
To: drose@AZStarNet.com
Subject: Re: Redlining
Message-ID: <3.0.32.19961211140911.00695a20@execpc.com>
MIME-Version: 1.0
Content-Type: text/plain


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At 03:05 AM 12/11/96 -0700, drose@azstarnet.com wrote:
>Many people of good will find racial discrimination to be abhorrent. OTOH,
>I'm sure that as an attorney you are cognizant of the fact that financial
>institutions have a fiduciary responsibility to their shareholders.

Are you suggesting that a fiduciary responsibility is violated by *not*
redlining?  I stated before that all *real* qualifying factors remain in
force.  The only irrelevant method to be eliminated is place of residence.
Granted, if a certain bank only made loans through direct mail campaigns or
some such, an argument *might* be made that risks are higher in certain
residential neighborhoods.

Breach of fiduciary duty would be thrown out almost immediately as a claim.

>
>In any case, have you given any consideration to taking your well-meaning
>but off-topic thoughts to any one of a number of perhaps more appropriate
fora?
>

Actually, I mentioned redlining as an aside to a totally different point.
Red has asserted, and I tend to agree, that this is actually on point.  We
are discussing the possibilities of crypto anarchy.

Matt
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