The Problem Was the Housing Bubble, not Subprime Loans

The Post had a major front page article about how subprime loans threaten to undermine the prospects of African Americans for a decade. While African Amercians do face discrimination in lending, and are more likely to be given a subprime loan than a white with comparable credit and employment history, the real problem stemmed from the fact that so many bought homes in the middle of a housing bubble.


If someone bought a home at a bubble-inflated price that could be twice as much as its trend l...

 •  0 comments  •  flag
Share on Twitter
Published on July 08, 2012 20:02
No comments have been added yet.


Dean Baker's Blog

Dean Baker
Dean Baker isn't a Goodreads Author (yet), but they do have a blog, so here are some recent posts imported from their feed.
Follow Dean Baker's blog with rss.