Voltaire — To learn who rules over you, simply find out who you are not allowed to criticize
Friday, November 7, 2008
Is subprime a new financial euphemism for black?
55% of black and Latino borrowers in Boston who had obtained loans for single-family homes in 2005 had been given subprime mortgages; the figure for white borrowers was just 13%. More than 75% of black and Latino borrowers from Washington Mutual were classed as subprime, whereas only 17% of white borrowers were.