How African Americans are the main target of Predatory lending, redlining, gentrification: WHYY Radio

Guests: Aaron Glantz  Air Date: November 29, 2019 WHYY: Listen Here:

Twenty years ago, about two thirds of the country owned their home. Today it’s more like half. What happened in those intervening years? The financial collapse of 2008 when millions lost their homes. The winners of that crisis, according to our guest AARON GLANTZ, were wealthy and well-connected investors who took advantage of banking and financial regulations and made gobs of risk free money foreclosing on housing loans. Those investors include Treasury Secretary Steve Mnuchin and Commerce Secretary Wilbur Ross.

New condos at 1834 Frankford Ave. (Emma Lee/WHYY)
New condos at 1834 Frankford Ave. (Emma Lee/WHYY)

Glantz is a journalist at the documentary series REVEAL and his new book Homewreckers is about the winners and losers when the housing bubble broke.

No comments: