Description: A case study of Milwaukee, Wisconsin exploring how lending practices and access to capital are shaped by race.
Brief description: Gregory D. Squires is Professor of Sociology and a member of the Urban Studies Program Faculty, University of Wisconsin, Milwaukee. He is the coauthor of Chicago: Race, Class, and the Response to Urban Decline, and the editor of From Redlining to Reinvestment and Unequal Partnerships.
Review Quotes:
"The authors' thorough investigation presents a persuasive argument...highly recommended." -- Library Journal
"Color and Money provides an important reminder to policymakers of the Community Reinvestment Act's key role in promoting fairness, as well as the need to strengthen the Act to meet the challenges of the twenty-first-century economy." -- Congressman Thomas M. Barrett, 5th District of Wisconsin
"Squires's and O'Connor's work provides undeniable confirmation that race does matter in lending. Color and Money clarifies the historical and structural underpinnings of wealth building between the races and lays bare the sad truth about racial discrimination in lending." -- John E. Taylor, President and CEO of National Community Reinvestment Coalition
"This book is unique. It is the first to focus on the role of lenders and the struggle over credit as a major contributor to racial segregation and the persistence of urban poverty." -- Peter Dreier, coauthor of Regions That Work: How Cities and Suburbs Can Grow Together
"This book is a model for understanding contemporary policy issues. I found it fascinating, gripping, and accessible." -- Anne Shlay, Temple University
"The authors offer keen insights into the struggle to make credit available from traditional lending institutions in our cities' poorest neighborhoods." -- Tim Elverman, former Director of Government Affairs, Bank One, Wisconsin