Politics, News & Issues > Economic News The housing bubble and credit crisis not caused by "the poor"

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Many fingers of blame are being pointed at "the poor" for the housing crisis. Low- and moderate-income (LMI) individuals were the major beneficiaries of subprime mortgage lending and are now defaulting in record numbers. So it would seem that states with large LMI populations, like Mississippi, would have the highest rates of... More..

Barbara Hoffman

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