Uh, wow. As the American Prospect's Jamelle Bouie says, a more racially diverse and equitable newsroom would have never let this cover go out: "It's not just the black and Latino caricatures--the whole cover plays into the widely-debunked myth that unreliable minority borrowers were responsible for the financial crash. ... [T]he truth is that they were disproportionately victimized by unscrupulus lenders. This cover, however, all but implies that minorities are primed to cause another crisis."
Update 1:15PM EST -- The artist is Lima-born Andres Guzman, who may or may not be aware of the American legacy of imagery he's summoning here. In our conversations about this, however, let's keep the impetus where it belongs: on Bloomberg Businessweek's creative director Richard Turley, who commissioned and approved the cover for the publication he represents.