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February 28, 2013

"Offensive and incorrect"

Financial journalists take Bloomberg Businessweek to task for 'racist' cover.
Bloomberg Businessweek
Bloomberg Businessweek cover, March 2013.

The March 2013 cover story of Bloomberg Businessweek asks "what could possibly go wrong" in what it calls "The Great American Housing Rebound". It is the actual cover, however, that is grabbing attention. The artwork shows black and Hispanic caricatures in a house overflowing with cash.

Business and finance journalists are ridiculing the magazine cover, which they say draws on a racial narrative that blamed minority lenders for the 2009 US housing crisis.