The subprime lending crisis has occurred because a financial product intended for limited use by a limited number of people has been parlayed into another ill-fated bubble by some mortgage lenders lacking in integrity, foresight, and any vestige of civic concern... [The most important consequence] is the targeting of people of color and poor people as the best candidates to sign up for one of these loans. In the hands of the mortgage lending industry, subprime loans became predatory loans—a faulty product that was ruthlessly hawked even though financial institutions were aware of its defects... Hungry for new and different products, the financial services industry added features to these loans...that hobbled their recipients financially and made it unlikely that they would be able, after a brief honeymoon period, to repay the loans at all. A deeper look into the crisis reveals that the subprime lending debacle has caused the greatest loss of wealth to people of color in modern US history... If subprime loans had been distributed equitably, losses for white people would be 44.5% higher and losses for people of color would be about 24% lower.