EXTREME INEQUALITY: Race and The Mortgage Meltdown

http://www.faireconomy.org/dream

Dedrick Muhammad, co-author of, Foreclosed: State of the Dream 2008, comments on why Barack Obamas candidacy may have little impact on the racial wealth divide. The mortgage meltdown has revealed a staggering wage and home ownership gap between white and black Americans, one that has changed little since the height of the civil rights era. Indeed, the black homeownership rate is only 47 percent, compared with 75 percent for whites. And, in the subprime fiasco, African-Americans will lose between $72 and $93 billion. Find out here why a further entrenchment of the racial wealth divide looms and what can be done to address it. For more, visit: www.Extremeinequality.org.

Category:

Education

Tags:

• race
• subprime
• economic justice
• racial wealth divide
• Dedrick Muhammad

[hotsatsuma]

CORRUPTION

J P MORGAN are the new ENRON

jsf

[che21chango07b]

USA excludes more than blacks when it comes to welth equity.... USA got used to exclude Latinos as well as anyone that is not a white blue eyed person

BUT... the truth is about to show over the horizon

US is dropping down rapidly and with a very loud sound!!!

[chhange]

This was done in June or July of 08. I think the analysis has withstood the development of the last 7 or 8 months. For more updated info google State of the Dream 2009: The Silent Depression.

- Dedrick Muhammad