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Starting A Housing Bust From Scratch

mshreve Wrote: Apr 05, 2013 3:01 PM
Obama: NO idea so bad it doesn't bear repeating.

Growing up in Harlem in 1977 everyone felt there was serious racial discrimination by banks with branches in the neighborhood. There is no doubt getting a loan was impossible even if you had an account at the bank and a steady job.

Fast-forward to 2007 and the start of the Great Recession and everyone in my old neighborhood in Harlem felt there was serious racial discrimination by banks with branches in the neighborhood for making loans too easy to get. Even people that didn't have bank accounts or a steady job often were able to live the American dream with no...

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