Minorities targeted in mortgage crisis

The recent mortgage crisis in America devastated thousands of individuals - but some groups were hit harder than others. The consequences of the subprime lending crisis have disproportionately affected minorities, particularly black Americans.

With experts predicting that the financial damage is likely to last for decades, we'll examine how this targeted discrimination is likely to affect the financial future of minorities.

Darrick Hamilton, associate professor of economics and urban policy at The New School, will join The Daily Circuit to examine how minorities were targeted throughout the lending crisis, and what the long term effects may be.

"As many scholars have described this current recession of the America economy is more aptly described as a depression when considering the economy for black and Latino Americans," said Hamilton at a recent lecture .

James Carr, chief business officer for the National Community Reinvestment Coalition, will also join the discussion.

VIDEO: Race and the Subprime Crisis: The Future of Minority Neighborhoods

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