When Unscrupulous Lenders Targeted Poor and Minority Home Buyers in the Run-Up

question 5

Multiple Choice

When unscrupulous lenders targeted poor and minority home buyers in the run-up to the recent housing bubble, they engaged in the practice of

• A) discrimination.
• B) reverse redlining.
• C) ethnic targeting.
• D) class warfare.

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Definitions:

Investment Banker

Underwrites new issues of securities for corporations, states, and municipalities.

Securities

Financial instruments that represent ownership positions in corporations (stocks), creditor relationships with governmental bodies or corporations (bonds), or rights to ownership as represented by options.