Monday, February 18, 2008

Subprime Loans and...

...and civil rights issues?
The civil rights movement has its work cut out for the movement on the financial front, as indicated by the lawsuit against a dozen subprime mortgage lenders reported in the current issue of Crisis magazine, published by the National Association for the Advancement of Colored People.

The NAACP filed the class action in federal court against lenders including banks. They deny racial discrimination or other wrongdoing in what has become an international scandal triggered by subprime mortgages.
Read the entire story here: