Inequality has been a critical missing link in most policy debates over the causes and consequences of, and potential responses to, the foreclosure and related economic crises of recent years. This paper examines the impact of various trajectories of inequality on these events, the role of advocacy groups attempting to respond to these challenges, pushback from the industry, and potential next steps for ameliorating the costs. A key finding is that solutions to the nation’s banking crises will require addressing fundamental political forces that created the challenges and persist as ongoing barries to effective resolution.
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