The Editor of Bloomberg Businessweek has offered a half-hearted apology for an offensive, racist cover showing a caricature of Black and Latino people literally rolling in cash because of the improved housing market.
It’s titled “The Great American Housing Rebound” and the cover line reads: “Flips. No-look bids. 300 percent returns. What could possibly go wrong”
The image and the cover lines are particularly offensive because Blacks and Latinos were disproportionately impacted by the subprime crisis from 20072009, which has been demonstrated by the billions of dollars of fines levied against the likes of Bank of America and Citigroup.
