Much of public policy is about reducing risks. Policies to give people health insurance are intended to reduce their risk of serious illness by encouraging them to go to the doctor for preventative care. Policies to protect the environment are intended to reduce the risk of people getting ill or dying because of pollution. Policies to make airports safer are intended to reduce the risk of people dying in a terrorist attack.
Toney & Kelly: A History of Local Racial Housing Covenants and Federal Housing Policies
Abstract An assembly of literature finds that the Home Owners' Loan Corporation (HOLC) did not engage in credit redlining, by means of withdrawing mortgage refinance support from lower rated areas and extensively directing support to higher rated areas. The HOLC does...