Multimedia

Race, Ethnicity, and the Subprime Mortgage Crisis

EPI’s Program on Race, Ethnicity, and the Economy presents
Race, Ethnicity, and the Subprime Mortgage Crisis

[audio and video below]

Moderated by
DR. ALGERNON AUSTIN
Director of the Program on Race, Ethnicity, and the Economy
ALGERNON AUSTIN
with presentations by
GRACIELA APONTE
National Council of La Raza
GRACIELA APONTE
DEBBIE BOCIAN
Center for Responsible Lending
DEBBIE BOCIAN
WILHELMINA LEIGH
Joint Center for Political and Economic Studies
WILHELMINA LEIGH
GREGORY SQUIRES
George Washington University
Author of “Do subprime loans create subprime cities?
GREGORY SQUIRES

The subprime mortgage crisis, with its links to the broader housing sector and to financial markets, is at the top of the national policy agenda. As Congress and the Federal Reserve consider proposals for reform, it is important to consider how and why this crisis came to have a disproportionate impact on communities of color. This panel discussed the reasons for this disparate impact and how policy reforms can be best tailored to serve the communities hardest hit by the crisis.