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Home » Archives » January 2008 » Financial apartheid

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01/28/2008: "Financial apartheid"


But African-Americans snared in the US mortgage crisis have seen the American dream turn into a nightmare many call “financial apartheid.”

“People of color are more than three times more likely to have subprime loans,” concluded the organization United for a Fair Economy in a recent report which estimated that minorities have seen between 163 billion and 278 billion dollars of their equity go up in smoke since 2000.

City officials estimate that foreclosures have swallowed some 70,000 homes and turned entire neighborhoods into ghost towns.

[ White people want to end racism so they can take advantage of black people financially. Isn't it more honest to want racial separation and an end to parasitism? ]

http://www.breitbart.com/article.php?id=080127181914.e1z8r2hd&show_article=1