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Black Americans Lost Half their Wealth: Now Worth One Twentieth of Whites | NewsRescue

NewsRescue
By NewsRescue

June 12th, 2012 by NewsRescue

June 12th, 2012

NewsRescue- We all heard of the sub-prime mortgage crises in America when the so-called housing bubble burst.

It was explained as a cross board crises that affected all Americans. However the disparity in the effect of this Wall street greed generated recession, which acutely spanned the years from 2005-2010 and still persists, were not recognized by many.

The rich got richer and the poor, who happen to mostly be minorities got twice as poor.

Middle class White Americans were marginally affected.

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Defense Secretary Hegseth has fired the Army’s top general and two others amid plans for a ground invasion of Iran. Senior officers reacted with anger as the most significant wartime military purge in modern history accelerates.

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