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Sadly, there is a source for that awful stuff.quote:The banks shady dealings include setting up a special unit to target "mud people" with outrageously expensive "ghetto loans;" targeting black churches leaders because they "had a lot of influence and could convince congregants to take out subprime loans;" and offering cash bounties to loan officers who issued subprime loans to minority communities. Clicking on the link to the affidavits on the top of the article introduces a whole slew of other racial motivations and, well, straight up racism. Obviously not the only cause of the whole subprime crisis, but it'd be negligent to ignore the impact of race on it.
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May 3, 2012 21:51
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| # ¿ Apr 19, 2024 05:52 |
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