Interestingly, these forces were often joined by more neoliberal community and advocacy organizations. Noting the way ghettoization and exploitative slum landlords thrived in areas where (racialized) poor populations had little to no access to banking services and credit, they lobbied and partnered with financial institutional to make sub-prime credit available in the hopes of seeing money spent on housing come back to home-owners, rather than being simply transferred from tenants to (typically absentee) landlords and thus leaving the community. As numerous studies attest, the saga and imagery of the sub-prime meltdown are highly racialized The Financial Liquidation of Social Life 63 (Chakravartty and Ferreira da Silva 2012; Dymski, Hernandez and Mohanty 2011; McNally 2011, 119-123; "Race and Recession" 2009; Wyly 2009).

Max Haiven, Cultures of Financialization, loc. 201