The Illusion of Inclusion

Summary:

Context for the subprime mortgage crisis and why it hits minorities hardest.

Website:

http://www.withgoodreasonradio.org

Additional Credits and Funding:

Produced by VFH Radio at the Virginia Foundation for the Humanities.

Tones:

Authoritative, Engaging, Informational

Language:

English

Description:

In the midst of America's mortgage meltdown, black and hispanic homeowners are taking especially hard hits. Business Professor Greg Fairchild says the lack of a down payment is the biggest obstacle for these communities, which historically have only a small fraction of the family wealth available to white households.

Also featured: Peter Rodriguez is an advocate of what he calls "Angel Investing" in Latin America. He says private investors are beginning to help nurture young entrepreneurs to create a culture of sustained economic development in places where there is little or no modern business tradition.

New to PRX?

Learn More | Sign Up