Subprime Crisis

March 27, 2014, 1pm PDT
The Federal Housing Finance Agency (FHFA) announced a $9.3 billion settlement with Bank of America following a 2011 suit tied to the bank’s role in selling faulty mortgage-backed securities to Fannie Mae and Freddie Mac.
The Hill
November 6, 2008, 7am PST
Editorial: Long Island is one of the nation's most affluent suburbs. With very high housing values and located by NYC, it would be not expected to be hit hard by the subprime crisis. But it has - and its roots lie in its racially segregated past.
The New York Times