Date: 3/18/2009 LOS ANGELES (AP) — Clutching pajamas for her three youngest kids, Janice Johnson straggled into a Skid Row homeless shelter on a recent night, frustrated and weary from another fruitless apartment hunt. The Midnight Mission was her last…
NAACP says bank giants steered blacks to bad loans
Date: 3/13/2009 By JESSE WASHINGTONAP National Writer The NAACP is accusing Wells Fargo and HSBC of forcing blacks into subprime mortgages while whites with identical qualifications got lower rates. Class-action lawsuits were to be filed against the banks Friday in…
Editorial:Akron Beacon Journal, Akron, Ohio, on the economy
Oct. 26, 2008 The bottom has fallen out of the housing market. The financial market is in turmoil. Jobs, home values and retirement funds are melting away. Who was keeping tabs on criminal conduct? According to a New York Times…