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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.
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Piece 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.
Broadcast History
Originally aired on Virginia Public Radio Stations December 15-21, 2007.
Timing and Cues
IN CUE: Music bed
OUTCUE: ?. . . I?m Sarah McConnell. Thanks for listening.?
FOLLOWED BY _____:22 slow fade________ music bed out
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