Race, Predatory Lending, and the Subprime Mortgage Crisis
This course will use the subprime mortgage crisis as a lens into the various factors that perpetuate economic and racial inequality in the United States. We will use materials drawn from different disciplines, including case law, economic analysis, and critical legal theories of race and class. Possible topics will include: the history and legacy of residential discrimination and segregation; racial redlining and reverse redlining; an in-depth look at the laws governing credit and deregulation, with a particular focus on the last thirty years; the government response to the subprime mortgage crisis; and other types of credit and housing discrimination. The course will include guest lecturers from the field, including practitioners, scholars, and regulators. To gain insight into the challenges of litigating subprime lending cases, students will review and analyze documents from actual cases and discuss litigation strategies as well as alternatives to litigation. Throughout the semester, students will draft various litigation and non-litigation documents, including legislative and fundraising proposals.Grading and Method of Evaluation
Letter grade with pass/fail option. A paper is required which may be used to satisfy the Upperclass Writing Requirement.