audio by guest joseph ridout
60:48 minutes (55.67 MB)
SCAPEGOATING THE POOR. Conservative analysts are blaming the current Wall Street crisis on immigrants, Latinos and Blacks who received subprime loans and wouldn't pay their mortgages. The Community Reinvestment Act, a law that allowed access to lending for minority and low-income families is a favorite target of influential commentators.
Guest: Joseph Ridout, Consumer Action, San Francisco, CA
Invited Guest: Pablo Alvarado, President, National Laborer Organizing Network, Los Angeles, CA;