Analysts in recent weeks have breathlessly reported that the housing market is on the rise.

You know what that means, right?

For some, it means that with a rebound in the housing industry will mean a rebound in the mortgage business — and predatory lending (i.e. mortgages being aggressively pushed on low-income, low-credit customers).

At Bloomberg Businessweek, this is what it would look like:

Bloomberg Businessweek Under Attack For Racist Cover

“Flips. No-look bids. 300 percent returns. What could possibly go wrong?” the magazine asks.

Unsurprisingly, illustrator Andres Guzman’s cover did​ not ​go over well and Bloomberg has since issued an apology.

“Our cover illustration last week got strong reactions, which we regret,” Bloomberg editor Josh Tyrangiel wrote in a statement sent to POLITICO. ”Our intention was not to incite or offend. If we had to do it over again we’d do it differently.”

Thoughts? Do you think Bloomberg overstepped a few boundaries here?

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