The question is, Why race and why now? There are organizations and individuals who think that not focusing on and acknowledging race or ethnicity is the polite thing to do. I call that “the invisible race card.” They think class and gender explain all differences in our society. But, while class and gender are important, […]
Category: Financial Reform
Citigroup, one of the nation’s biggest banks, has agreed to pay $7 billion to settle claims brought on by the Justice Department because of its participation in the housing crisis. After a federal investigation lead by Attorney General Eric Holder, the bank admitted to deceiving consumers and engaging in risky subprime mortgages.
Reid Cramer is director of the Asset Building Program at the New America Foundation, which aims to promote policies and ideas that significantly broaden access to economic resources through increased savings and asset ownership, especially among lower-income families.
Kezia Williams serves as Chair of Capital Cause, a DC-based fiscally-sponsored nonprofit dedicated to engaging young philanthropists in giving. Her work with this organization has included growing the organization from five vested members to over 5,000 young professionals influenced by the message of young philanthropy.
The legendary Robin Hood patrolled Sherwood Forest with a band of merry men, who stole from the rich and gave to the poor. This past September, Congressman Keith Ellison (D-MN) hoped that a band of merry men and women in Congress would pass H.R. 6411, the Inclusive Prosperity Act. The approach proposed by the bill, […]
According to the National Association of Realtors’ Housing Affordability Index, 2012 was a record year for housing affordability. The release of their results led to articles with titles such as “Housing Today Is More Affordable Than At Any Time In History” on an investment blog and “2012 a banner year for housing affordability, industry group […]
A lot has been said about the proposed tax giveaway to the wealthiest Americans and the austerity measures recommended by President Obama’s deficit commission. However, an analysis of the impact that both proposals would have on black and brown Americans has been missing from the conversation. U.S. Census Bureau projections show that the nation is […]