The Racial Wealth Gap’s Larger Than Ever. Here’s How It Will Destroy Us

by Kai Wright on July 26 2011, 10:58AM

The wealth gap is now larger than it’s been since the Census Bureau began counting it. The foreclosure crisis is part of the reason, but its more symptom than cause for the building catastrophe in the U.S. economy.

Topics: Economy, Kai Wright, Wealth Gap

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Ohio Homeowners Storm Chase Shareholders Meeting

by Asraa Mustufa on May 18 2011, 12:41PM

Dozens testified demanding accountability for Chase’s lending. The bank has rejected more modification applications than Bank of America and Wells Fargo combined.

Topics: Economy

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Report: Big Banks Leaving Abandoned, Foreclosed Homes in Ohio

by Asraa Mustufa on May 10 2011, 12:03PM

Filings in at least three of the state’s cities were nearly three times more concentrated in communities of color than in majority white ones.

Topics: Economy

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Neighbors Use Love to Fight Off Grandma’s Foreclosure

by Julianne Hing on April 6 2011, 6:12PM

On March 28 Catherine Lennon’s community, led by the housing rights group Take Back the Land Rochester, gathered around her to defend her home from eviction.

Topics: Celebrate Love

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Foreclosed Families Descend on Capitol to Make Wall Street Pay

by Shani O. Hilton on March 8 2011, 9:43AM

Protestors call for the jailing of Wall Street bankers.

Topics: Politics

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Backward Mobility and America’s Broken Promises

by Kai Wright on February 10 2011, 9:28AM

The recession is wiping out the jobs, homes, and dreams of the black middle class. There’s a lesson for our whole economy in that fact.

Topics: Economy, Jobs Crisis, Kai Wright, Wealth Gap

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The Endemic Fraud the Foreclosure Scandal Reveals—Again

by Kai Wright on October 22 2010, 10:28AM

And President Obama’s willful complicity in Wall Street’s scam.

Topics: Economy

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Race and Recession: No Recovery for Communities of Color

by Seth Freed Wessler, Channing Kennedy, Hatty Lee on July 8 2010, 2:00PM

Our original report examined the racial inequity that helped create the recession—and that the crisis has in turn intensified. More than a year later, little has changed.

Topics: Economy, Jobs Crisis

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Race and Recession: Breaking Down the Numbers

by Hatty Lee on July 8 2010, 1:40PM

Foreclosure and unemployment continue to hit communities of color the hardest. Here are the numbers.

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Race and Recession: Foreclosure Losses Still Mounting

by Seth Freed Wessler on July 8 2010, 1:35PM

President Obama’s foreclosure prevention program has done little to slow the pace of loss in communities of color.

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No End in Sight for Foreclosures

by Michelle Chen on June 23 2010, 7:47AM

The recession still has more damage to do. And a new Center for Responsible Lending report says Black and Latino homeowners will continue feeling the worst of it.

Topics: Economy

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U.S. Social Forum: Foreclosures Still the Story in Detroit

by Seth Freed Wessler on June 23 2010, 7:37AM

Bombed out houses and unemployment lines; empty factories and empty lots. These are the images that have come to animate Detroit’s decline, its deep and deepening depression.

Topics: Economy

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