I am sure that if this study included the rest of the lower 48 states we all would be shocked and saddened even more than the results California provided alone. It is a fact that the economic crisis has hit minority families the hardest. We want a part of the American dream and that would be home ownership. Banks being unethical, immoral, and irresponsible created insolvent loan vehicles that in some respects unfairly targeted persons who just wanted a piece of the dream. When the Wall Street domino fell it accelerated an already dicey economic situation and plunged it to the brink of collapse. That will not change overnight. It took eight years to create and may take just as long to correct.

Revealing the racial makeup of California’s foreclosures : KALW.