How the Wall Street Crash Continues to Stall Economic Recovery
Posted by on June 10, 2013
Wasted Wealth: How the Wall Street Crash Continues to Stall Economic Recovery and Deepen Racial Inequity in America
Foreclosures resulted in a loss of $200 billion in household wealth in 2012, with communities of color hit the hardest, finds a new report by the Alliance for a Just Society. But this bleeding of wealth could end. If the 13 million homes that are still underwater had their mortgages reduced to their current value, it would add $100 billion to the economy and create 1.5 million jobs.
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