The Color of Subprime
Rich people don't particularly mind talk about helping poor people -- unless that talk starts linking the wealth of the one to the poverty of the other.
Take, for instance, the mess around subprime mortgages.
This newest State of the Dream zeroes in on the subprime crisis for a single powerful reason. As the report bluntly puts it, "Subprime lending has caused the greatest loss of wealth to people of color in modern U.S. history."