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Subprime Crisis Causing Huge Loss of African-American Wealth
Originally From New America Media Wednesday, January 23, 2008 : Boston - A new report says the subprime mortgage crisis will cause African-Americans to experience wealth losses of between $71 billion and $122 billion over its duration. The racial bias of subprime mortgage lenders accounts for a 40 percent difference in losses between whites and people of color.
Originally From New America Media Wednesday, January 23, 2008 : Boston - A new report says the subprime mortgage crisis will cause African-Americans to experience wealth losses of between $71 billion and $122 billion over its duration. The racial bias of subprime mortgage lenders accounts for a 40 percent difference in losses between whites and people of color.
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