21.1.08

The Color of Subprime

Rich people don't particularly mind talk about helping poor people -- unless that talk starts linking the wealth of the one to the poverty of the other.

Take, for instance, the mess around subprime mortgages.

That's just what United for a Fair-Economy has done in State of the Dream 2008, this group's latest-analysis of how fares the legacy of Dr. Martin Luther King, Jr.

This newest State of the Dream zeroes in on the subprime crisis for a single powerful reason. As the report bluntly puts it, "Subprime lending has caused the greatest loss of wealth to people of color in modern U.S. history."

Via AlertNet

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