Loans and housing policy race divide fed the bubble trouble [VIDEO]

By Tammy Johnson Mar 19, 2009

Tammy Johnson, with the aid of a whiteboard, puts the foreclosure crisis in a historical context. Tammy shows the connection between the government’s past restrictive covenants and the banks’ present-day lending policies toward communities of color, and shows how those techniques of exploitation are now being applied to poor and middle-class whites. Maya Wiley of the Center for Social Inclusion argued the same point during her March 17 appearance on Democracy Now. (Link takes you to the cued-up video.)