B) Markets aren't perfect
C) You have to fight against, or change the influence of (through, say, commentary in the media), the government's funding and regulation.
>Are the shareholders mostly white? It's my understanding that most large investors are pension funds, insurance companies and the like, not individuals.
Who owns and benefits from the funds?
> Who owns and benefits from the funds?
Everybody that gets any kind of pension or has any kind of insurance. Is your point that the majority of those may be white and therefore they should've let them crash?
See C
>Is your point that the majority of those may be white and therefore they should've let them crash?
If you truly think that's what I'm saying, we're on very different pages. The pensions have greater political power than the people in black areas. Both of them have the same problem - an unfair pressure that drives costs of lending up - but when it affects the majority rich and white investors, spending money to fix it is much more palatable.