Abstract
The financial market crisis of 2008 literally invites interrogation of sacred economic traditions in the United States. A near total collapse of the global capital markets signals genuine problems with American capitalism and the neoclassical economics modeling so prevalent today. Yet, we are largely failing the invitation to critically examine the underlying economic principles our markets are currently based upon. One reason that we are failing the invitation to challenge our classic capitalist underpinnings is because many of the entrenched elite in the United States have misdirected our attention. When a massive failure in the private markets nearly collapses the economy, one simmering reason offered up for the underlying cause is minority borrowers in most of our city’s urban centers. Many in this country have fully embraced this classic racist misdirection.
Recommended Citation
Cummings, Andre Douglas Pond
(2011)
"Racial Coding and the Financial
Market Crisis,"
Utah Law Review: Vol. 2011:
No.
1, Article 8.
Available at:
https://dc.law.utah.edu/ulr/vol2011/iss1/8