Wednesday, January 9, 2008

Subprime Politics

Matthew Yglesias makes the point that housing foreclosures haven't really hit Iowa or New Hampshire, keeping this huge issue out of the campaign for the time being. Based on a Joint Center for Political and Economic Studies brief I flagged last month, I'd wager that has something to do with the fact that subprime mortgages, both by targeted marketing and self-selection, disproportionately effected blacks and minorities, and Iowa and NH are both lily-white. Yglesias is correct in noting that we're likely to hear the candidates weigh in on this given the impact the housing slump has had on California, Nevada and Florida.

Posted by Judah in:  Markets & Finance   Politics   Race In America   

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