Subprime Lending

Citibank Pays Up, Finally

The huge penalty for duping investors on subprime loans won’t do much for the homeowners the bank bilked. But at least there’s a measure of justice.

Preying on Black Ambition

From subprime mortgages to subprime credit cards and now subprime degrees, a small number of people continue to get rich off of black Americans’ aspirations.