Citi recently committed $550 million to support homeownership for people of color and affordable housing by minority developers.Race-based discrimination and inequality has cost the US about $16 trillion in lost gross domestic product over the last two decades, according to a new study published by Citi, first reported byThe lost GDP is a result of Black Americans earning less than white Americans, having less access to home and small business loans, and limited access to higher education.
If the US could immediately end "the most severe forms of economic discrimination against African Americans," US GDP would see a $5 trillion boost by 2025, Bloomberg
Racism is 100% of the cause and problem, no other underlying factors to analyze, got it.
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WSJ News Exclusive | United Wholesale Mortgage to Go Public Via Merger With Gores SPACThe biggest wholesale mortgage originator in the U.S. is merging with a special-purpose acquisition company in a deal that will take the lender public at a valuation north of $16 billion. Sounds like a bubble waiting to burst. This sounds like trouble the moment you read ‘blank cheque’
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