Has the entire subprime meltdown been caused by preying on minorities? - causes of subprime meltdown
United States A report shows that the lenders prey on minorities
16. January - Martin Luther King, Jr., the legendary civil rights activist the United States, could be grave in the 79th Anniversary of his birth.
The financial services sector attracted more money from racial minorities than any other force in modern history, researchers in the United States think tank United for a Fair Economy, a new assessment of the mortgage crisis gripping the country.
"The collapse of subprime mortgages has caused the greatest loss of wealth for people of color in modern U.S. history," the state of the latest annual report "Research the Dream" report and the group United for a Fair Economy Defense ( UFE).
To be sure, whites have been destroyed by the mortgage industry on the ground, but researchers in the economy and the social organization found clear evidence of racial discrimination in the allocation of loans at interest rates between the poor ball borrowers of different race, but similar financial situation. "
Monday, January 4, 2010
Causes Of Subprime Meltdown Has The Entire Subprime Meltdown Been Caused By Preying On Minorities?
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It was "teaser" loans, and people who do not normally get their hands on a mortgage has been granted to the banks happy. The officials urged the people they could live in a house for very little money ... Zero interest, etc. .. and reselling them to burst into a big gain a year or two to explain without knowing the balloon payments to their expectations and offer more than they could afford.
In addition, the case will make matters worse, many of these people lost their jobs and were forced to accept low-paying jobs, with those lucky enough to find a job at all! It led to a big loss for our country and the president has the rescue of ordinary people, as long as there is little hope for them winning all.
Because many foreign banks were involved in this fraud, and because our credit score depends on all of this funding have helped the banks. But the economic dynamism of the current president of Citizens for a fee of $ 800 delivered. However, this will increase Pove Family Lawnot ak, right?
Furthermore, they have to help a "permanent tax cuts for the rich to" temporarily "become for the citizens. To think that this mortgage crisis was in another measure designed to reduce the conditions for the middle class and punished for Minorities being poor.
What happens is that these houses are from wealthy investors to buy at very low prices, with auctions are all over the country instead. These houses will be held for a while, then sold using Interestingly, another way to do a little more, the rich get richer and expand the ranks of the poor.
It is up to that. We do good in an economy of surplus. Jobs for all. According to the agreements of free trade, blue-collar jobs to minorities. What did you expect? Economists have known for years that the workers were the backbone of America. They preach the welfare, protection of employment, work, and can make the American dream. What BS. Just when you think you are always somewhere, and you can also take shares the pride I suspect that ... who send their jobs overseas and pull the rug from right under you.
Suddenly, his creditor in foreign restrictions back on lending, they say a little closer to hv HV owned and ID for my people to read the list of excluded minorities, are most affected
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