black

Foreclosures

Subprime Mortgage Crisis Draining Wealth From African-Americans

by Charles Feldman | February 20, 2008

A little noted report last month deserves a much closer review. It concludes that the subprime mortgage crisis is causing African-Americans to “experience the greatest loss of wealth in U.S. history.” The report is from United for a Fair Economy and is called “Foreclosed–The State of the Dream 2008.” According to the report, American blacks [...]

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