‘The problem with the expansion of homeownership wasn’t that some people don’t have what it takes to be homeowners. They did. The problem was that traditional methods of discrimination were replaced by new forms of exploitation. Borrowers in certain neighborhoods were steered toward subprime loans. Appraisals were deliberately inflated. Loans with predatory terms were set up and designed to fail. None of that had to happen. And now, as that house of cards is collapsing, we’re losing decades of progress in integrating and stabilizing neighborhoods.’