Comments on: EXTREME INEQUALITY: Race and the Mortgage Meltdown

By: DedrickM

DedrickM — Thu, 03 Jul 2008 17:31:03 +0000

Thanks for everyone’s interest in the issue. Nettle, I don’t think I counted out white folks who will greatly suffer from the subprime mortgage crisis, just like I didn’t mean to count out Latina/os, Asians, and indigenous people. I was just focusing on the Black/white wealth divide which I think many still don’t understand the depth of this divide and how these economic downturns have a disproportionate impact. If you want info on inequality as a whole I suggest checking out http://www.inequality.org, http://www.extremeinequality.org.
Again thanks for the support.

- Dedrick

By: DWBartoo

DWBartoo — Thu, 03 Jul 2008 02:32:12 +0000

Thanks for bringing it ‘home’, Laura.

Dedrick Muhammad is someone I’d like to see often in future.

Thank you, Dedrick!!!

By: Nettle

Nettle — Wed, 02 Jul 2008 22:10:56 +0000

Actually, there are a ton of white folks that suffer from the latest housing mortgage catastrophe, too, who aren’t rich white folk,and counting out white folk who don’t share the booty just isn’t right. They also don’t have healthcare, childcare, living wages, etc.

That said, remember before Bush came into office even, when the likes of Clint Bolick and Gale Norton and the privatizing crowd started the mantra of “equality of opportunity” and then set out with a campaign for home ownership for black communities. You just knew the devil was even deeper than the details. If I remember correctly it was even a campaign theme of Bush’s, the home ownership thing. I’ll have to check my notes again.

By: nonplussed

nonplussed — Wed, 02 Jul 2008 21:23:48 +0000

Couldn’t agree more, David. Plus they have often been sold inferior housing at inflated prices in undesirable neihborhoods, somewhat of a triple whammy. But as so many of our conservative “friends” will be quick tell us, affirmative action has fulfilled it’s objectives and it is time for it to be eliminated, for it now is discrimnating against that perienially abused group of worthies, white males, who have always had it very tough, simply ask any conservative radio mouthpiece.

By: David Neiwert

David Neiwert — Wed, 02 Jul 2008 21:14:14 +0000

Historically speaking, this fits. African Americans have disproportionately borne the burdens of various kinds of economic upheavals over the years. And the continuing low home ownership rates also reflect the way institutionalized racism — particularly the residential segregation that was the product of the era of “sundown towns” — persists today, long after many white Americans assumed blithely they had done away with it by passing a handful of laws.