BANKING AND AMERICA'S RACIAL WEALTH GAP

Mehrsa Baradaran, The Color of Money: Black Banks and the Racial Wealth Gap (Cambridge, Massachusetts, & London, England: Belknap/Harvard U. Press, 2017) (From the book jacket: "Baradaran challenges the long-standing notion that black banking and community self-help is the solution to the racial wealth gap. These initiatives have functioned as a potent decoy to avoid more fundamental reforms and racial redress. Examining the fruits of past policies and the operation of banking in a segregated economy, she makes clear that only bolder, more realistic views of banking's relation to black communities will end the cycle of poverty and promote back wealth.").