See below for a post I did for work about this awful magazine cover. Borderline Sambo figures aside, I should note (as Ezra Klein much more articulately points out) that the article itself makes no real reference to the way that communities of color were targeted in the years leading up to the foreclosure crisis. The omission is especially notable given the undertone to the article itself, which manages to persistently ask whether the housing market's recovery is sustainable without addressing the substantive reasons why it might not be. In particular, the piece ends with a revealing quote:
DMB President Charley Freericks says his company is trying to be responsibly optimistic. "It's like any trauma," he says. "You forget when it gets good again."
When it comes to the rampant greed leading up to the foreclosure crisis, Mr. Freericks couldn't be more right.
Read the full post here
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