| Subprime Lending Crisis Gets Racial Perspective
by bob ()
Our report, "Foreclosed: State of the Dream 2008," is getting a lot of
attention. Co-authors Amaad Rivera, Brenda Cotto-Escalera and Dedrick
Muhammad have given voice to the racial aspects of the subprime loan
crisis on CSPAN, Democracy Now!, and NPR's Talk of the Nation. Numerous
media outlets have also featured findings from the report and many
people are responding and taking action.
By pointing out the destructive nature of predatory loans for people
and communities of color, we hoped we would make people see the issue
in a new way. We are pleased that it seems to be working. For example,
we've heard from federal policy makers as well as many social justice
and social change organizations.
This February as we honor the legacy of African Americans, with the
lens of an impending recession, we cannot forget the words of Martin
Luther King Jr. "Now is the time to make real the promises of
democracy. Now is the time to rise from the dark and desolate valley of
segregation to the sunlit path of racial justice."
As we exposed the reality of the greatest loss of wealth for people of
color in modern history, we hope we have moved people to demand what
King described as "lifting our nation from the quicksands of racial
injustice."
Go to the main report page.
See the list of press coverage.
Read Michelle Singletary's Washington Post column.
See the full Enews for February 2008.
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