Bloomberg Businessweek under fire for 'racist' cover The magazine depicts minorities in a house filled with cash. Sadly, the mortgage crisis disproportionally affected minority homebuyers. By Jonathan Berr 6 hours ago Bloomberg Businessweek has caused an uproar for using offensive stereotypes of minorities to illustrate a story on the housing rebound. The magazine has expressed regret over the cover of last week's issue, which featured images of minorities, including a barefoot black man with exaggerated features, grabbing wads of cash in a house overflowing with money. An African-American woman with large lips is shown feeding a dog. In other rooms of the house, Latino women are grabbing and holding cash. The cover features this headline: "The Great American Housing Rebound. Flips. No-look bids. 300 percent returns. What could possibly go wrong?" Reaction on Twitter was scathing. Matt Yglesias of Slate wrote: "If you like your business news spiced up with racism, turn to the latest @businesweek cover." Forbes' Jeff Bercovici added: "What can everyone who had anything to do with this Businessweek cover have been thinking?" The Huffington Post described the cover as "racist chic." Writing on the website of the Columbia Journalism Review, Ryan Chittum noted that minorities were targeted by predatory lenders responsible for part of the housing bubble. Many who qualified for conventional mortgages were pushed into risky, high-cost, subprime loans, a fact that the Businessweek cover fails to point out. .