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Groups that work in black neighborhoods around the country have contended that much of subprime lending is 'predatory lending.'

Nine of 10 whites in Chicago borrow from top-drawer banks and mortgage companies, which the industry calls prime lenders. They lend to people with A credit ratings, making loans at competitive rates.

Subsidize... or lend.

The black community now in many ways divided itself the way the larger white community divides itself, over class issues. And that race is no longer the bond that it once was. That's one of the prices you pay for progress.

Blacks are about seven times more likely to live in neighborhoods of concentrated poverty than whites.

Between the Community Redevelopment Act, requiring banks to make what I would call very weak loans, and specific quotas that the Congress imposed on Fannie Mae and Freddie Mac, that created the market demand that really led to the subprime phenomenon.

It has always been more expensive for the poor to borrow money. We see this in everything from mortgage rates to credit cards.

Borrowing is not much better than begging; just as lending with interest is not much better than stealing.

We soon found that the white men were growing rich very fast, and were greedy.

Well, certainly one of the ironies of the success of affirmative action is that the middle class within the black community no longer lives within 'black community' by and large.