Tag subprime

NY Atty General invokes Martin Act

There are some deeply nervous and scared investment banks on Wall Street about now, probably wishing they’d never heard the word “subprime.” “When they start using the Martin Act, you don’t run, you don’t hide, you don’t fight. You settle…

Subprime and race

Doug Henwood’s Behind the News broadcast on 1/24/08 on WBAI covers the subprime debacle in depth. One illuminating discussion covered race and subprime. In the 80’s-90’s, areas were redlined for race to prevent them from getting mortgages. Then the opposite…