Tuesday, July 6, 2010

NYTimes: Memphis -- Black majority city slides down

All, here is a compelling story on Memphis and it's economic slide from the NY Times.

http://www.nytimes.com/2010/05/31/business/economy/31memphis.html

The story details how hard Memphis has been hit by the recession especially the Black middle class. The article also discusses some of the lending practices by banks that led to the real estate collapse.

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