Financial Crisis Uncovered
The financial crisis disproportionately impacted communities of color, with a staggering 30-point homeownership gap persisting since the Great Recession. Many black families were targeted with subprime loans, often despite having prime credit scores, revealing a troubling pattern of racial bias in lending practices. The narrative surrounding the crisis was shaped by racial stereotypes, leading to a lack of accountability for the financial institutions that profited from these predatory practices.In this clip
From this podcast
The Prof G Pod with Scott Galloway
Racism is Costing Us All — with Heather McGhee
Related Questions
What caused the 2008 financial crisis as discussed in the episode William Black on Financial Fraud and the clip Housing Crisis Unveiled?
What caused the 2008 financial crisis as discussed in the episode Russ Roberts on the Crisis and the clip Uncovering the Mortgage Market?
What caused the 2008 financial crisis as discussed in the episode Daron Acemoglu on Inequality and the Financial Crisis and the clip The Housing Crisis?