Housing
More on Housing
by Anna Pratt Special to Finance & Commerce
It isn't just about people losing their homes.
Ripples from the long-running foreclosure crisis, experts told an audience in Minneapolis on Saturday, are spreading throughout the U.S. economy, affecting even those who, intuitively, might be expected to benefit.
Rejects assertions that US isn’t doing enough to help
By Joseph Williams, Globe Staff
Stung by accusations from some African-Americans that he has not done enough for urban communities, President Obama has embarked on an effort to soothe a constituency once counted as his fiercest source of support.
In a series of interviews this week with media outlets aimed at African-Americans, Obama said he understands pent-up frustrations about foreclosures, bank bailouts, and festering social issues, while he also challenged assertions that he has given short shrift to cities.
By Hazel Trice Edney - NNPA Editor-in-Chief
The 10 Black members of the powerful House Finance Committee are still being applauded this week for boldly boycotting a committee meeting in order to force a $4 billion allocation to benefit the Black community.
They have told the NNPA News Service that they plan to escalate protests if lawmakers continue to ignore the suffering of their constituents, including advertising discrimination against Black newspapers.
The Los Angeles congresswoman stands up even to Obama. Her persistence helped get loans for unemployed homeowners and money to restore foreclosed properties into Wall Street regulatory legislation.
By Richard Simon
By Greg Kaufmann
December 10, 2009
At Tuesday's House Committee on Financial Services hearing titled "The Private Sector and Government Response to the Foreclosure Crisis," Julia Gordon, senior policy counsel for the Center for Responsible Lending, painted a bleak picture.
By Michael D. Shear and Perry Bacon Jr.
Washington Post Staff Writer
Wednesday, December 9, 2009 10:06 PM
Some black lawmakers sought this week to move past a dispute with the White House, saying they are satisfied that President Obama is seeking to provide greater economic assistance to African American communities.
But the members of the Congressional Black Caucus continued to insist that the administration's efforts do not go far enough, even as other African American leaders defended the nation's first black president.