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Seth Freed Wessler: Stop the Next American Nightmare

This weekend the New York Times reported that middle class families of color have been most hurt by the subprime crisis in New York City. The article confirms previous findings that show middle and upper income borrowers of color across the country are more likely to receive predatory, high cost loans than whites -- even low-income whites. As a result Black, Latino, Asian and American Indian families are burdened with the heaviest weight of foreclosures.

 

Read the full article at the Huffington Post. 

 

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RINKU SEN

President and Exec. Director, ARC
Publisher, Colorlines.com

"Racial justice is key to a compassionate, inclusive, dynamic society."

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