American Civil Liberties Union

The economic crisis of 2008, which was devastating for the nation’s economy as a whole, was nothing short of disastrous for communities of color. Much of the decades of progress toward full inclusion in the American dream which was ushered in by the landmark civil rights laws of the 1960’s disappeared virtually overnight, stripping communities of color of their homes and their financial futures. These enormous setbacks were not the result of a natural disaster but were instead the easily foreseeable consequences of forces set in motion by banks eager to realize enormous profits without regard to the impact upon vulnerable communities.