Those of you easily offended by the use of traditional common sense and one’s lived experience — rather than junk social science and politicial correctness — when making important decisions may want to avoid reading this, in order to maintain your precious delusions about how the world should work:
Scott Adams, author of the Dilbert cartoons, blogs about lending–
In one of my earlier career incarnations I was a banker. My job for a few years included reviewing and approving commercial loans for doctors and dentists. One day I declined a loan application for a dentist who, according to his recent tax returns, didn’t have enough cash flow to repay the loan. My boss at the time reviewed my work and turned the decline into an approval without even looking at the financials.
When I asked why, he explained that the borrower had a Chinese name. I questioned the wisdom of this lending procedure and he directed me to the files of delinquent borrowers, challenging me to find any Chinese names in there. There weren’t any. I’m not judging, just telling you what happened.
