AFR Profile picture
Apr 13, 2021 15 tweets 10 min read Read on X
Today, @SenateBanking is holding the hearing "Separate and Unequal: The Legacy of Racial Discrimination in Housing."

Follow along on this thread.

banking.senate.gov/hearings/separ…
@ItsLisaRice opens: "There are over 4 million instances of housing discrimination that occur each year"
Richard Rothstein of @NAACP_LDF explains how the racial wealth gap is built on and exacerbated by yesteryears's racist policies based on exclusion in housing
@SherrodBrown to Richard Rothstein "for those who might be skeptical, explain why the government has an obligation to remedy the harmful discrimination that it perpetuated"
@ItsLisaRice gives a history lesson on the origins of the Fair Housing Act
@SenatorMenendez asks @ItsLisaRice about how the homeownership gap contributes to the racial wealth gap
@ChrisVanHollen asks Dr. Jason Reece to comment on why mobility vouchers are important
@ItsLisaRice explains in response to @TinaSmithMN that the government can help eliminate exclusionary zoning ordinances by applying the AFFH mandate not just to housing but also to community development
Asked by @MarkWarner if home mortgage loans targeted to first-generation homebuyers would promote equity across race lines, @ItsLisaRice gives a simple answer: yes
#FairHousingMonth
@SenCortezMasto asks about the roles states and cities have in promoting fair housing in their communities

@ItsLisaRice gives a chilling example of the kinds of hurdles local communities will have to overcome to achieve equity.

#FairHousingMonth
.@SenOssoff inquires how @POTUS's infrastructure plan can achieve fair housing.

Paying keen attention to equity, not building upon an already-racist system, will be key, @ItsLisaRice says.

#FairHousingMonth
.@SenatorWarnock: "How [does] racial disparities within the home appraisal market exacerbate the racial wealth gap?"

@ItsLisaRice explains here.
.@ItsLisaRice dives into the work @natfairhouse is doing on investigating the home appraisal market in MoCo, MD
Finally, shout out to @ItsLisaRice for kicking butt during today's hearing!

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Oct 18, 2023
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May 30, 2023
“If the U.S. government ... is now standing foursquare behind all bank deposits in the country, we, the people, should get something in return.”

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Mar 17, 2023
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H/T @TheProspect @ddayen & @nytimes trio 🧵1/12
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Read 13 tweets
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The executives lost their jobs, shareholders were zeroed out --> There was no bailout a la 2008

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nytimes.com/2023/03/14/bus…
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Jan 10, 2023
🚨 NEW REPORT 🚨

The subprime corporate credit market, which includes private equity’s fave, leveraged lending and CLOs, has hit $5 trillion in the US.

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🧵1/10
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It's often to finance private equity buyouts refinance existing debt, or suck cash out of companies.

And it supports monopoly power, by driving corporate consolidation. 2/10
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This debt has – a redistribution of money towards Wall Street – has left companies and workers in a worse position to handle a slowing U.S. economy. 3/10
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