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Tag Archives: Subprime lending
On Victory Drive, Soldiers Defeated by Debt
By Paul Kiel and Mitchell Hartman Seven years after Congress banned payday-loan companies from charging exorbitant interest rates to service members, many of the nation’s military bases are surrounded by storefront lenders who charge high annual percentage rates, sometimes exceeding … Continue reading
How Public Policy Built The Racial Wealth Divide
By Seth Freed Wessler The racial wealth gap never ceases to amaze. Black and Latino families hold pennies of accumulated assets compared to every dollar of the average white family’s investments, retirement savings and home equity. Wealth matters a lot. … Continue reading
Revealing the racial makeup of California’s foreclosures
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 … Continue reading
Posted in News from the Soul Brother
Tagged black, business, California, economy, Financial crisis, forclosure, minorities, Subprime lending, wall street
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