February 2008

by Tillman Clark

Recently, if you follow any sort of news source, the subject of the economy and its recession is one heard often. A common buzzword heard alongside this topic is that of the “subprime” mortgage crisis. But what exactly is the subprime mortgage crisis? What does subprime mean and why is it so important to the economy and this looming recession that everyone is talking about? Why isn’t the overwhelmingly disastrous effects that it is having on people of color, lower, middle and working class, and American citizens on the front page everyday? Because of the mainstream media’s . . .