New economic research reinforces an argument made by historian Amy Hillier, that federal agencies didn't invent "redlining" but responded to widespread public prejudices that imagined Black residents as threats to neighborhood property value.
SOURCE: New York Times
by Destin Jenkins
"Celebrating Juneteenth and recruiting more Black bankers is one thing. It is quite another for financial firms to use their unique power to actively undermine the systems that perpetuate racial inequality."
SOURCE: Black Perspectives
by Kimberley S. Johnson
As part of the AAIHS's roundtable on Keeanga-Yamahtta Taylor's "Race For Profit," urban studies scholar Kimberley Johnson looks at the ways that generations of housing policy enabled banks to write predatory loans to Black buyers, profiting first by high interest, then by foreclosure, while blaming outcomes on the individual irresponsibility of Black borrowers.
SOURCE: The Nation
Amid the Covid-19 pandemic, women- and minority-owned businesses are still contending with unequal access to credit.
She’s discovered slaves were used as collateral for loans.
by William R. Polk
Why do so few citizens seem to care that banks are getting away with fraud?
SOURCE: Huffington Post
by Peter Dreier
Most of the workers who occupy Wall Street on a daily basis can't make ends meet. But neither can their $22,000-a-year counterparts in any other part of the country.
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