Blacks, Latinos With Identical Credit Far More Likely Than Whites To Receive Subprime Loans

Blacks, Latinos With Identical Credit Far More Likely Than Whites To Receive Subprime Loans

When troubled borrower Diane McLeod's debt problems made the front page of The New York Times earlier this week, she ignited a debate over borrowers, lenders and personal responsibility that shows no signs of slowing down.

Op-Ed columnist David Brooks took the opportunity to point out that McLeod's money problems were caused, in part, by her own behavior -- she shopped at the mall to relieve the emotional pain of her divorce and spent thousands on home shopping channels while recovering from surgery. But mortgage companies and credit card lenders also saw her as an easy target, he noted, marketing loans to her they knew she couldn't afford and most likely couldn't repay.

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