The current financial crisis is disproportionately affecting people of color. In our search for solutions, we must remember that deregulation led us to this crisis and that those who are traditionally the hardest-hit are people of color.
Our current financial crisis reeks with the smell of hypocrisy. We have traded the rights of people for the rights of profits, and continue to watch the house of our economy crumble, due to its rotten foundation of deregulation. As foreclosures continue to reach an all-time high and more than $290 million of housing wealth is lost in the next year; housing values are likely to fall another 15% during this period.
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