An anecdote from the middle aged:
growing up in the Nixon-Carter era as an alert pre-teen in a politically active NY liberal household, and then coming of age in the Reagan Years, supposedly a period of "abject horror" (said Michael Stipe of REM, who had a much bigger audience for his pronouncements that Ms Morgenson ever will), I was told something called "redlining" was the Original Sin, the refusal to extend credit to poor urban neighborhoods, the scourge of the cities, tinged with racism, and foisted by Dark Satanic Banks.
Today, the same media voices (NYT et al) who roared about redlining -- a word we will not hear uttered again for some time -- coo about "underwriting." Where was the underwriting during the boom years of fraudlulent mortgages?
Such underwriting was labeled redlining by opinion makers, the press, the democratic party, academia and the likes of ACORN. Underwriting is redlining. In fact it should just be called underlining. And it was an obscenity in the mouth of the elites for decades (Ken Burns devoted a substantial chunk of his PBS series about NYC to the literal creation of the red line, and the NY suburbs and freeway system, by New Deal technocrats), but interestingly, redlining became a moot issue in the Clinton-GW Bush era (for yes this became a bipartisan fiasco, but it was still unthinkable without the dems. Bush was a peculiar Big Gov't Republican). Like the treason of Alger Hiss, whose apologists have kept silent since his exposure (the Hiss affair launched whole journalistic careers being launched in devising libelous characterizations of RM Nixon, so one cannot now declare him Right), the vilifiers of redlining will not apologize, even as they now talk out of the other side of their mouths mourning about "where was the underwriting."
This is a staw man argument, but man, if you were around activists in the early '80's and you mentioned redlining, people would go off. Now the word has been erased from the vocabulary, like Trotsky being taken out of Politburo portraits, as an embarrassment to those who once wielded it in the powerful invective that double-teamed community activists, think tanks/academics, congressional dems, banks ducking charges of raaaacism, and eventually Wall Street.
Watch out if it ever comes back.
(A PS -- does anyone remember how Bill Clinton beguiled us with homespun wonkishness during the '92 campaign in extolling third world microcredit banks? It sounded oh-so-the-marriage-of-Hayek-Thirld World Exoticism-and social justice. It took us a while, but now we know his big economic innovation was a trendily disguised form of subprime lending....and we all know where that led us once legitimated in DC by Bill's think tank and banking buddies...