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It's Not the "Greedy Poor People" NEW YORK - A 31-year-old law designed to put an end to "redlining" and other restrictive practices that effectively shut poor and minority families out of home-ownership and neighbourhood development is being attacked by conservative commentators as a major cause of today's sub-prime mortgage mess. The charge is being incessantly repeated by some of the so-called mainstream media as well as by right-wing bloggers. Posted in financial crisis, poverty

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It's Not the "Greedy Poor People"

NEW YORK - A 31-year-old law designed to put an end to "redlining" and other restrictive practices that effectively shut poor and minority families out of home-ownership and neighbourhood development is being attacked by conservative commentators as a major cause of today's sub-prime mortgage mess.

The charge is being incessantly repeated by some of the so-called mainstream media as well as by right-wing bloggers.

Posted in financial crisis, poverty