![]() ![]() ’Excerpted from the Conclusion (pages 372-374) ’Ghetto-lending practices of the 1960s have metastasized’ We Predatory lending known as the sub-prime mortgage crisis’ The most striking evidence of the ongoing need to fightĮxploitative credit practices is the recent tidal wave of Poor pay considerably more for goods and services ranging Study demonstrates, this ’ghetto tax’ means that the urban ’million dollars a day cost of being black.’ As one recent Remain subject to what Contract Buyers League attorneysĬalled a ’race tax’ and what my father referred to as the Low-income African-Americans in segregated neighborhoods ![]() ’Despite fair housing laws, prospective black home buyersĪre still ’steered’ away from white neighborhoods. ![]()
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