Event | Economic Inequality, Community Development, Civil Rights
Race and the Subprime Crisis: The Future of Minority Neighborhoods (2009)
Some critics blame the Community Reinvestment Act for the mortgage meltdown that prompted the current deep recession. Others point to the abuses of subprime lending and Wall Street manipulation. Yet questions about the impact of the economic collapse on African American communities—and about the future of neighborhood stability, consumer access to credit, and the role of race in public policy—remain unanswered. As the federal government acts to reverse the economy's decline, what have we learned, and what does the future hold?
Hon. Maxine Waters, U.S. Representative (D-Calif.)
James Carr, COO, National Community Reinvestment Coalition.
Sarah Ludwig, Executive Director, NEDAP.
Louis Prezeau, President & CEO, City National Bank.
Moderated by: Darrick Hamilton, Assistant Professor, Milano The New School for Management and Urban Policy.