Justice Foreclosed: How Wall Street's Appetite for Subprime Mortgages Ended Up Hurting Black and Latino Communities

Document Date: October 15, 2012

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. The decades of progress toward full inclusion in the American dream that the civil rights laws of the 1960s enabled disappeared virtually overnight, stripping communities of color of their homes and their financial futures.

In this report, Justice Foreclosed, we look at how Wall Street’s demand for loans encouraged predatory lending in communities of color; how that in turn fueled the housing crisis, and how the bust will continue to affect these communities for years, if not generations, to come.

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