poor and minority borrowers

Journalist and social critic Barbara Ehrenreich takes on the recession’s racial divide, making the point that the hard times are hitting the black community with particular fervor. In a New York Times piece this weekend, Ehrenreich correctly pointed out that even high-income blacks were more likely than whites to wind up with higher cost subprime [...]

Here’s a huge pat on the back and a show of support for Barry Ritholtz, who truly has had it with those who keep clinging to the widely discredited belief that the Community Reinvestment Act caused the housing crisis. Ritholtz writes at The Big Picture that he’s offering a debate challenge, with a prize of [...]