David Dayen: Obama Failed to Mitigate America’s Foreclosure Crisis

This has been my contention before the HAMP scam was even a Geithner/Obama wet dream. http://wp.me/p1H9BR-yK

Livinglies's Weblog

The country’s first black president contributed to a significant disintegration of wealth for people of color.

 By David Dayen

https://www.theatlantic.com/politics/archive/2016/12/obamas-failure-to-mitigate-americas-foreclosure-crisis/510485/

In My President Was Black, Ta-Nehisi Coates ably documents the material and representational advances of the past eight years. But any rendering of Barack Obama’s legacy is incomplete without including his failure to arrest the foreclosure crisis, or to hold anyone accountable for the widespread damage it inflicted. In fact, reading Coates’ hymn to the Obama era, I couldn’t stop thinking about a different Chicago resident I met this year.

I was in St. Louis, giving a talk for a book I wrote about the foreclosure crisis. The skies erupted minutes before the event, and few battled the rainstorm to join the audience. But when I opened it up for questions, Andy Williams Jr., dreadlocks scraping his shoulders, stood up and said, “David, you are a hard man to…

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